China inflation: The Consumer Price Index and the Producer Price Index rate for April are due to be released. Analysts polled by Reuters expected consumer price inflation to fall to 0.4 percent, down from 0.7 percent in the previous month, and the weakest in more than two years. The producer price index is expected to contract 3.2 percent year-on-year, the sharpest drop in nearly three years.
G7 meeting: Finance ministers and central bank governors will meet in Niigata, Japan.
Earnings: E-commerce group JD.com, automakers Nissan and Honda and electrical components maker Foxconn are among the Asia-Pacific companies reporting their results.
Markets: Futures fell in Japan on Thursday morning, while those in Hong Kong rose. Wall Street stocks rose on Wednesday after weaker-than-expected US inflation data added to the belief that the Federal Reserve will halt interest rate increases. The Nasdaq Composite rose 1 percent, closing at its highest level since June, while the S&P 500 rose 0.4 percent.