Japan’s cabinet office released its October economic report, noting that growth is picking up. The report upgraded the assessment of capital spending and lowered the view on imports.
Hyundai is starting construction on a $5.5 bln electric vehicle plant in Georgia. Australia’s budget projects 3.25% growth in FY22/23, followed by a slowdown to 1.5% in FY23/24.
Japan’s September BoJ Core CPI 2.0% yr/yr (expected 1.9%; last 1.9%)
South Korea’s October Consumer Confidence 88.8 (last 91.4)
Singapore’s September CPI 7.5% yr/yr, as expected (last 7.5%) and Core CPI 5.3% yr/yr (expected 5.2%; last 5.1%)
Hong Kong’s September trade deficit $44.90 bln (last deficit of HKD13.30 bln). September Imports -7.8% m/m (last -16.3%) and Exports -9.1% m/m (last -14.3%)