In a relatively light data day in Asia, some important statistics were released that point to more the same in Asia. In Japan, the all important Tankan survey revealed that business conditions continue to show improvement. In China, the Flash PMI indicates a further slowing in the overall growth rate of manufacturing. In India, there are more worrying signs of inflation (India is one of the few countries in the world seeing rising inflation!) as the wholesale price index rose to a one year high.