Japan is scheduled to release a raft of data on Monday, headlining a busy day for Asia-Pacific economic activity. On the docket are June numbers for current account, bank lending and money supply, as well as July figures for bankruptcies and the eco watchers survey.
The current account is expected to show a surplus of 1.311 trillion yen after posting a surplus of 1.205 billion yen in May. Analysts are expecting little change in bank lending, which showed a 2.0 percent annual decline in May, while M2 money supply is expected to maintain its 2.9 percent annual expansion. Bankruptcies fell 19.3 percent on year in June, while the eco watchers current survey is tipped to show a score of 48.0 - up from 47.5 in June. The outlook survey is expected to come in at 48.8, up from 48.3 in the previous month.
In addition, the Bank of Japan is set to begin its two-day monetary policy meeting - at the end of which it will announce its decision on interest rates. The bank is widely expected to maintain the record low rate of 0.10 percent.
South Korea is scheduled to release producer price data for July. PPI was down 0.3 percent on month in June and up 4.6 percent on year.
Taiwan will announce July figures for imports, exports and trade balance. Imports are tipped to rise 39.7 percent on year after gathering 40.4 percent in June. Exports are called higher by 31 percent on year following the 34.1 percent gain in the previous month. The trade balance is expected to show a surplus of $1.35 billion, down from the $1.41 billion surplus a month earlier.
Australia is set to release July numbers for job advertisements and business confidence, as well as June figures for housing finance and lending finance.
Finally, the Singapore stock market is closed on Monday in observance of National Day. It will re-open on Tuesday.
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