In the market on 21 October, the September trade balance is expected to show a deficit of ¥1.1056 trillion, with forecasts also available for export and import growth rates and the number of inbound visitors. Attention is also focused on overseas indicators, including UK CPI, the Bank of Japan's planned operations and India's infrastructure-sector production.
On 21 October, the Ministry of Finance will release the September trade statistics, and the Japan National Tourism Organization (JNTO) will release the number of inbound visitors to Japan in September. The market consensus forecasts a trade deficit of ¥1.1056 trillion, with exports expected to rise 20.1% year on year and imports 20.0%. The previous figures were 19.3% growth in exports and 28.0% growth in imports. The market forecast for inbound visitors is 3,098,900, and the focus is on whether the figure will exceed the previous result.
On the monetary policy front, the Bank of Japan is scheduled to conduct a government bond purchase operation from 10:10 a.m. The eligible issues are divided by remaining maturity, and the operation results will serve as an indicator of supply and demand conditions in the bond market. Overseas, the UK's September CPI will be released at 3:00 p.m. Japan time and is expected to rise 3.1% year on year, which is likely to affect the market. India's September output across 8 infrastructure industries is expected to rise 4.8%.
A table listing the times, forecasts and previous figures is useful for tracking market conditions, and each indicator will be released at its scheduled time. The trade statistics, inbound visitor count, UK CPI and Indian output figures support the information presented in the article.