Visitors from mainland China queued outside Hong Kong jewellery stores near the border and cleared shelves after a drop in the price of gold.
Eurozone's economic morale index falls to 88.6 in April, down for a second consecutive month.
Italy's new coalition government is set to announce its economic policies and growth agenda.
Investors awaiting data including central bank policy meetings in eurozone and US.
Most Asian markets end week's trading on a higher note with corporate earnings reports bolstering investor confidence.
The continued fall in consumer prices poses challenge to Kuroda who aims at a 2 percent inflation rate in two years.
Economists expect US economy to grow by 3% in the first quarter, significantly higher than fourth-quarter growth rate.
The UK GDP data will confirm whether the country has entered a "triple-dip recession" or not.
South Korea GDP rises most in two years in first quarter.
South Korea's economy grew 0.9 percent in the first quarter from 0.3 percent in the fourth quarter.
Less-than-forecast price growth gives room for RBA to cut interest rates further.
The yen's weakness and rise in US new home sales lift sentiments in Asian markets.
Investors await eurozone manufacturing activity data which is expected to decline in April.
China's April manufacturing PMI indicates disappointing growth in the first quarter.
China's lacklustre April manufacturing data follows a weaker-than-expected first-quarter GDP data.
Remittance flows to developing countries have more than quadrupled since 2000, according to the World Bank.
Asian markets end on a mixed note in the week due to volatile commodity prices and yen weakness.
Current account surplus rises to €16.3bn, above analysts' estimates of €14.5bn
European shares advance in early trade as they pare huge losses over the week.
Asian markets advance as commodity companies pared their losses after worst weekly decline since August.
European markets gain in opening minutes as investors closely watch Italian parliament's vote.
US overtakes China as Japan's biggest export destination as yen's decline helps Japanese exporters.
Asian markets open lower taking cues from declines in their US and Europe counterparts overnight.
Cypriot central bank has earlier denied reports of gold sale.
Wall Street's strong gains on positive economic data help European markets to open on a higher note.
Huge gold and crude oil imports are the major factors for India's widening current account deficit.
Moody's has cut China's credit rating outlook to stable from positive, saying less-than anticipated progress in tackling economic risks.
Lower commodity prices and explosions at the Boston Marathon event dragged Wall Street to record lows.
Weak economic growth data from China and lower commodity prices have earlier dragged US stocks down to a five-month low.
Emerging economies such as China and Russia bucked general trend with rises in military spending.