RTTNews - Japan is scheduled to release June figures for trade balance and current account, among several other reports to set the pace for a busy Monday in Asia-Pacific economic news. Also due are June numbers for machine orders and July data for bank lending, bankruptcies, machine tool orders and the eco watchers survey.
The trade balance is expected to show a surplus of 589.8 billion yen after the 387.3 billion yen surplus in May. The current account total is forecast at 655 billion yen after the 1.301 trillion yen surplus in the previous month. The adjusted current account is called at 1.35 trillion yen following the 1.015 trillion yen surplus a month earlier.
Machine tool orders are expected to add 2.6 percent on month but fall 34.4 percent on year after sinking 3 percent on month and 38.3 percent on year in May. Bankruptcies were up 7.4 percent on year in June, while machine tool orders plummeted 78.8 percent on year a month earlier. The current eco watchers survey posted an index score of 42.2 in the previous month, while the outlook score came in at 45.6.
Also, the Bank of Japan kicks off its monetary policy meeting on Monday, and analysts widely expect the bank to keep interest rates on hold at 0.10 percent. Analysts will watch with interest to see if the bank announces any new easing measures or hints instead that a recovery may be at hand.
China will provide July data for its consumer price index and producer price index. CPI is expected to ease 1.6 percent on year after the 1.7 percent contraction a month earlier. PPI is called lower by an annual 8.3 percent following the 7.8 percent decline in June.
South Korea will announce June money supply data and July producer price index numbers. Money supply is expected to climb 11.9 percent on year following the 9.5 percent annual expansion in the previous month. PPI fell 3.1 percent in June.
Malaysia will release June figures for industrial production, with analysts expecting a fall of 9.2 percent on year after the 11.1 percent decline a month earlier.
Australia will provide June data for home loans and investment lending. Home loans were up 2.2 percent in May, while the value of home loans added 2.3 percent and investment lending gained 2.4 percent.
Finally, Singapore's Straits Times Index will be closed on Monday in observance of National Day. It will re-open on Tuesday.
For comments and feedback: contact firstname.lastname@example.org