Japan is on Wednesday scheduled to release March numbers for core machine orders and the tertiary industry index, highlighting a busy day for Asia-Pacific economic activity.
Machine orders are expected to rise 4.4 percent on year but fall 3.5 percent on month. That follows the 8.9 percent annual increase and the 4.8 percent monthly gain in February. The tertiary industry index is expected to ease 0.4 percent on month following the flat reading in the previous month.
Australia will see the results of Q1 numbers for its wage cost index, plus May data from Westpac on its consumer confidence index. Wage costs are expected to rise 0.8 percent on quarter and 3.5 percent on year after collecting 1.0 percent on quarter and 3.6 percent on year in the previous three months. The Westpac index was down 1.6 percent in April, showing a score of 94.5.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.