Bank of Japan May Consider Buying Bonds With Longer Maturities, U.S. Durable Goods Orders Rise More Than Expected

Kiwi's New Zealand Feb Trade Surplus NZ$414 Mln, New Zealand posted a merchandise trade surplus of NZ$414 million in February, Statistics New Zealand reported on Tuesday - which represents 11 percent of exports

Meanwhile, South Korea Q4 GDP Revised Down To +0.3%, South Korea's gross domestic product expanded a seasonally adjusted 0.3 percent in the fourth quarter of 2012 compared to the previous three months, the Bank of Korea said in Tuesday's revised reading

From Tokyo economic news, Kuroda Says Bank of Japan May Consider Buying Bonds With Longer Maturities, Bank of Japan Governor Haruhiko Kuroda said Tuesday that the central bank may consider purchasing longer-dated bonds, reiterating the need for more aggressive monetary easing to reverse 15 years of deflation. The BOJ will consider purchasing assets with longer maturities in a bid to push down yields across the curve, Kuroda told Parliament

Latest U.S. Economic data, U.S. Durable Goods Orders Rise More Than Expected In February, New orders for U.S. manufactured durable goods rose by more than expected in the month of February, according to a report released by the Commerce Department on Tuesday, although the increase was largely due to a rebound by orders in the volatile transportation sector