RTTNews - The Bank of Japan is set to release its quarterly Tankan Survey on Wednesday, setting the pace for a busy day for Asian economic news. The large manufacturing index for Q2 is expected to show a score of -43, up from the record low of -58 in the first quarter. The large manufacturers' outlook is forecast at -34, up from -51. The non-manufacturing index is projected at -27, up from -31. But all-industry capex is expected to slide 6.9 percent after falling 6.6 percent in Q1.
South Korea will announce June numbers for imports, exports and trade balance, as consumer price index data. Imports are expected to fall 33.5 percent on year after the 40.3 percent annual decline in May. Exports are forecast to fall 18.7 percent on year after the 28.5 percent contraction in the previous month. The trade balance is expected to reflect a deficit of $14.8 billion following the $11.8 billion shortfall a month earlier. Inflation is expected to come in at 2.3 percent, easing from 2.7 percent in May.
China will release its June purchasing managers' index for manufacturing, with analysts forecasting a score of 52.7. That follows the reading of 53.1 in May.
Indonesia will provide May numbers for imports, exports, trade balance and inflation. Analysts are expecting imports to drop 42.9 percent on year after the 44.5 percent annual contraction in April. Exports are seen lower by 30.3 percent on year following the 22.9 percent annual decline in the previous month. The trade balance is expected to show a surplus of $2.3 billion after the $2.08 billion surplus a month earlier. Inflation is forecast to come in at 3.85 percent after showing 6.04 percent in April.
The Hong Kong stock market is closed on Wednesday in observance of the SAR Establishment Day holiday. The Thailand bourse is also closed for the Mid Year's Closing holiday. Both will re-open on Thursday.
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