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Asia Week Ahead: Jackson Hole Symposium; Interest Rate Decisions; Industrial Output

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For the week ahead in Asia, a number of key releases are scheduled to be published.

The highlight of the week will be the Jackson Hole Symposium, beginning Thursday and concluding Saturday.

Investors will look for clues in the U.S. Federal Reserve Chair Kevin Warsh's speech regarding potential interest rate changes.

Interest rate decisions from several other countries will also be in focus this week.

Investors will closely watch industrial output, trade data, and business and consumer sentiment reports for insights into the region's economic momentum.

MONDAY, Aug. 24

Singapore's core consumer price index (CPI) rose 2% year over year in July, with headline inflation accelerating to 2.2%.

Taiwan's seasonally adjusted unemployment rate remained unchanged month over month at 3.33% in July.

Thailand will post trade data today.

TUESDAY, Aug. 25

An interest rate decision by the Bank of Thailand will take center stage, with expectations of the bank holding rates steady at 1%, the Wall Street Journal reported citing ANZ's Kausani Basak.

Separately, Taiwan's industrial output for July is forecast to rise 23.3% year over year, compared with a 23% growth previously, according to economists at ING.

South Korea's consumer sentiment is anticipated to improve slightly, with the Composite Consumer Sentiment Index rising to 107 for August, according to a Trading Economics forecast.

Hong Kong's export and import data for July will land.

WEDNESDAY, Aug. 26

Singapore's year-over-year industrial production growth will slow to 6.9% in July, Trading Economics said.

South Korea will publish business confidence data.

THURSDAY, Aug. 27

An anticipated speech by Deputy Governor of Bank of Japan, Ryozo Himino, may provide insight on potential policy rate hikes in September or October, according to the WSJ.

Elsewhere, analysts are on the fence regarding The Bank of Korea hiking rates or holding them steady, the WSJ reported citing Barclays economist Bum Ki Son. The bank is, however, expected to raise its growth projection.

The Philippines will likely increase its policy rate to 5% from 4.75%, according to ING and the WSJ.

China's industrial profit from the January to July period is forecast to grow 16%, compared with 18.7% previously, according to Trading Economics.

FRIDAY, Aug. 28

Japan will release a slew of data on Friday.

Tokyo CPI and core CPI for August are expected to come in at 1.9% and 1.7%, respectively, according to market consensus forecast data by ING.

Unemployment rate is projected to remain unchanged at 2.5% in July, according to an investing.com forecast.

Japan is also scheduled to release consumer confidence data for August.

Elsewhere, India's industrial production is forecast to rise 6.2% year over year in July, according to Investing.com. Manufacturing output data will also arrive the same day.

Singapore will publish producer price index numbers for July.

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