Japan Current Account Due On Tuesday

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Japan is scheduled to release July numbers for its current account on Tuesday, setting the pace for a day of modest activity in Asia-Pacific economic news. Japan also is poised to release August numbers for bank lending, money stock and bankruptcies - as well as the eco watchers outlook survey.

The current account is expected to show a surplus of 1.452 trillion yen following the 1.152 trillion yen surplus in June. The adjusted current account total was 1.798 trillion yen. Adjusted bank lending was up 2.8 percent in July, while lending including trusts was up 2.1 percent and lending minus trusts added 2.2 percent. Money stock M3 was up 1.9 percent in July and M2 plus CDs were up 2.7 percent. Bankruptcies were up an annual 1 percent in July. The eco watchers survey is predicted to inch higher to a score of 43, up from 42.4 in July. The outlook survey saw a score of 44.9 in the previous month.

Australia will release the August data for the NAB business confidence and conditions surveys. Business conditions saw a score of 1 in July, while confidence came in at 10.

(Market News Provided by RTTNews)