Quotes from Standard Chartered:
-Japan will release machinery orders data for January on 11 March. We expect orders, a key indicator of business sentiment, to have declined on a m/m basis forthe first time since October 2012. However, both the government and the Bank of Japan (BoJ) recently upgraded their economic assessment and believe that industrial production has stopped falling.
-Also in focus on 11 March will be the minutes of the BoJ’s February meeting and the confirmation hearing of the BoJ governor and deputy governor nominees in the upper house. The BoJ minutes are expected to shed more light on the board’s views on monetary easing, while the confirmation hearing will provide a clearer sense of opposition parties’ attitudes towards the nominees.