In a report, National Bureau of Statistics of China said that Retail sales in China rose unexpectedly to an annual rate of 10.7%, from 10.6% in the preceding month. In another report, Industrial production in China fell to 6.1%, from 6.3% in the preceding month. Lastly, China’s gross domestic product remained unchanged last month at an annual rate of 6.7%, from 6.7% in the preceding month. In a report, Japanese Ministry of Economy, Trade and Industry said that Japan’s All Industries Activity Index rose to a seasonally adjusted 0.2%, from 0.2% in the preceding month.

Chinese banks extended $181 billion in new loans in September, well above expectations, a record nine-month. The commerce ministry in a report said that, China trade environment will remain weak for remainder of 2016. Commerce ministry spokesman Shen Danyang said China will support Chinese steel firms facing anti-dumping accusations.

Bank of Japan Governor Haruhiko Kuroda said the economy is on a probable moderate expanding trend with core consumer prices slightly negative to level, adding that the central bank will take further action to boost growth if needed.

Producer price inflation in China increased more than forecast last month. National Bureau of Statistics of China in a report, said that Chinese PPI rose to an annual rate of 0.1 percent from -0.8 percent in the previous month. Consumer price inflation in China increased unexpectedly last month. In a report, Chinese CPI increased to an annual rate of 1.9%, from 1.3% in the previous month.

The National Bureau of China stated that China’s trade balance fell unexpectedly from 52.05B to 41.99B the previous month. China’s September exports declined 10% from a year earlier which was far worse than it was anticipated. METI indicated that Japan’s tertiary industry activity did not change and remained the same at 0.0% from the previous month as it was expected to fall -0.2%.

Bank of Japan board member Yutaka Harada said the central bank should ease further "without hesitation" if the global economy changed sharply and also noted that the added yield curve control aim announced in September will aid Japan to proceed steadily toward achieving the price stability target of 2%. In a report, Economic and Social Research Institute said that Japan’s Core Machinery orders fell less-than-expected last month, to -2.2%, from 4.9% in the preceding month.

The Bank of Japan is expected to wait until next year before easing policy further unless any sharp spikes in the yen undermine the economy significantly in the meantime, a Reuters poll found. In a report, Ministry of Finance said that Japan’s current account balance rose more-than-expected last month, to a seasonally adjusted 1.98T, from 1.45T in the preceding month. S&P Global said that rising debt levels will worsen the credit profiles of China's top 200 companies this year, forcing the country's banks to seek as much as $1.7 trillion in capital to cover a likely surge in bad loans.

China unveiled guidelines to reduce rising corporate debt levels. Some of the government's measures according to guidelines issued by State Council. Encouraging mergers and acquisitions, bankruptcies, debt-to-equity swaps and debt securitization. Bank of Japan Governor Haruhiko Kuroda in a report said that, the central bank may push back the forecast date for which it plans to achieve its 2 percent inflation target.

Japan’s average cash earnings fell unexpectedly in the last quarter. Japanese Ministry of Health in a report, Labour and Welfare said that Japan’s Average Cash Earnings decreased to a seasonally adjusted -0.1%, from 1.2% in the previous quarter.

Bank of Japan Governor Haruhiko Kuroda stated on Thursday that he does not believe that the central Bank will run out of government bonds to buy for its quantitative easing programme.  The Australian Bureau of Statistics indicated in a report that Australia’s trade balance has increased from -2.410B to -2.010B in the previous month.