The People’s Bank of China released its monetary policy implementation report for Q4, noting that a rebound in the domestic economy is likely in 2023.
China’s main steelmaking city will slow production, citing pollution. Passenger vehicle sales in China are expected to grow about 2% in 2023.
Japan’s December Leading Index 97.2, as expected (last 97.7) and Coincident Indicator -0.2% m/m (expected -0.4%; last -0.3%)
Hong Kong’s January trade deficit $25.40 bln (last surplus of $6.60 bln) as imports fell 30.2% m/m (last -23.5%) and exports fell 36.7% m/m (last -28.9%)
Australia’s Q4 Business Inventories -0.2% m/m (expected -0.2%; last 2.1%) and Q4 gross operating profits 10.6% qtr/qtr (expected 1.5%; last -11.5%)
New Zealand’s Q4 Retail Sales -0.6% qtr/qtr (expected 0.2%; last 0.4%) and Core Retail Sales -1.3% qtr/qtr (expected 0.3%; last 0.5%)