Japan's June current-account surplus is expected to narrow significantly to ¥1.514 trillion, while China's total social financing is expected to rise to ¥21.945 trillion in July.
On the 10th, Japan's June balance of payments, including the current account, and China's July financial statistics are scheduled for release. The market expects Japan's current-account surplus to narrow from the previous period, while attention is also focused on developments at the Bank of Japan's Monetary Policy Meeting.
Japan's scheduled releases include the Bank of Japan's Summary of Opinions from its July Monetary Policy Meeting, as well as the June balance of payments, including the current account, bank lending trends and the Economy Watchers Survey. The focus will be on whether the current account continues to be supported by a surplus in the primary income account.
In China, total social financing is expected to rise from the previous period to ¥21.945 trillion, while outstanding yuan-denominated new loans are expected to decline to ¥10.62 trillion. These statistics could affect sentiment in Asian markets as investors assess the effectiveness of China's economic stimulus measures.
In Brazil, weekly IPC-S data, weekly economic activity data and the weekly trade balance are scheduled for release. Developments in prices could affect emerging-market trends. These indicators are viewed as inputs for assessing the direction of monetary policy in Japan, the United States and Europe.