Asian Market Update: Japan sees first trade deficit in more than 3 decades in 2011; Australia inflation at a multi-year low

***Economic Data*** - (JP) JAPAN DEC MERCHANDISE TRADE BALANCE: -#165;205B V -#165;170BE; ADJUSTED TRADE BALANCE: -#165;568B V -#165;385BE (multi-year low); 2011 Trade deficit #165;2.49T (1st deficit since 1980) - (AU) AUSTRALIA Q4 CONSUMER ......

KBC: Hungarian central bank surprises with keeping rates unchanged. Forint weakens only temporarily after the announcement

The Hungarian central bank surprised markets by keeping its base rate unchanged at 7.00% yesterday, while consensus expected a 50bps rate hike. ...