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2008.12.2218:16:00UTC+00Singapore CPI Due On Tuesday

Singapore is scheduled to announce its consumer price index data for October, headlining a light day for Asian economic news. Analysts are expecting inflation to increase between 5.1 and 5.5 percent on year, down from the 6.4 percent annual expansion in the previous month.

Taiwan will provide November numbers for industrial output and export orders. Industrial production is expected to decline 15.7 percent on year following the 12.55 percent annual decline in October. Export orders are seen lower by 13.6 percent on year after a 5.56 percent contraction on year in the previous month.

The Malaysian central bank will hold its one-day monetary policy meeting on Tuesday, and will announce its decision on interest rates at the conclusion of the meeting. Analysts are expecting the bank to ease rates by 25 basis points from the current 3.25 percent to 3.00 percent.

Finally, the Japanese stock markets are closed on Tuesday in honor of the emperor's birthday. The markets will re-open for trade on Wednesday.

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