FX.co ★ Japan Trade Data Due On Wednesday

Japan is set to release its October import, export, and trade balance data on Wednesday, marking a relatively quiet day in terms of Asia-Pacific economic developments. Economists anticipate a 0.3% year-on-year decrease in imports, following a 2.1% increase in September. Exports, meanwhile, are predicted to rise by 2.2% annually, recovering from a 1.7% decline the previous month. The trade deficit is projected to widen to 360.4 billion yen from the 294.1 billion yen shortfall recorded in September.

South Korea is scheduled to release its October producer price index. In September, producer prices decreased by 0.2% month-on-month and increased by 1.0% year-on-year.

Indonesia's central bank is concluding its monetary policy meeting, where it is expected to announce its interest rate decision. Analysts expect the benchmark lending rate to remain at 6.00%, with the deposit facility rate at 5.25% and the lending facility rate at 6.75%.

Taiwan will report October export order figures along with Q3 current account data. Export orders grew by 4.6% year-on-year in September, while the Q2 current account showed a surplus of $21.82 billion.