Asia Braces for Divergent Inflation Data; China Deflation Deepens as India, US Face Hotter Price Rises
• Inflation data from India and Japan expected to show differing trends - cooling in Japan but rising in India • Investors awaiting latest US CPI inflation figures just hours after Asian data • China's slide into deflation accelerated in November; yuan falls to 3-week low • Economists forecast Japan's wholesale inflation to drop to 0.1% in November, lowest since Feb 2021 • RBA governor speech on Tuesday, markets keen to see if central bank maintains hawkish rates stance