Asian Economic News

Japan Trade Balance Due On Wednesday

Japan is on Wednesday scheduled to release June figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.

The trade balance is expected to show a deficit of 140.0 billion yen after the downwardly revised 910.4 billion yen shortfall in May. Imports are expected to rise 1.1 percent on year after climbing 9.3 percent in the previous month. Exports are called lower by an annual 3.0 percent after rising 10.0 percent a month earlier.

New Zealand also will provide June figures for imports, exports and trade balance. The trade balance is expected to show a surplus of 2 million New Zealand dollars, down from NZD 301 million in May. Imports are called at NZD 3.82 billion, down from NZD 4.11 billion in the previous mo0nth. Exports are expected at NZD 2.83 billion, down from NZD 4.42 billion a month earlier.

Australia will announce Q2 numbers for consumer prices, as well as May's Conference Board score and June data for skilled job vacancies. Consumer prices are expected to rise 1.3 percent on year and 0.6 percent on quarter after adding 1.6 percent on year and 0.1 percent on quarter in the previous three months. The Conference Board leading index was down 1.4 percent in April, while job vacancies eased 0.7 percent on month.

The central bank in Thailand will conclude its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep rates on hold at 3.00 percent.

by RTTNews Staff Writer

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