Australia Unemployment Rate 5.4%, China's Central Bank Signals Shift In Focus To Inflation

From Tokyo economic news, Japan Core Machine Orders Up 2.8%, Core machine orders in Japan gained a seasonally adjusted 2.8 percent on month in December to 752.9 billion yen, the Cabinet Office said on Thursday - rising for the third straight month

Another bad economic data, Australia Unemployment Rate 5.4% In January, Australia posted a seasonally adjusted unemployment rate of 5.4 percent in January, the Australian Bureau of Statistics said on Thursday

Economic news from New Delhi, India Should Hold Off Monetary Easing Until Inflation Slows: IMF The International Monetary Fund advised India to maintain the current policy rates until inflation is clearly on a downward trend and urged the government to focus on fiscal consolidation. Structural reforms, fiscal consolidation and low inflation are critical for a sustained recovery and to lower vulnerabilities, the lender said in a statement released on Wednesday

Meanwhile, China's Central Bank Signals Shift In Focus To Inflation, China's central bank signaled that it would pay special attention to inflation, as it sees rising risks to domestic prices from global liquidity and labor shortage. In its fourth-quarter monetary policy report, the People's Bank of China on Wednesday warned of imported price inflationary pressure. The bank said commodity prices will be pushed up by surging capital inflows.