A deluge of data from Japan that could give a clearer indication on how the world’s third largest economy is coping with a consumption tax hike implemented in April, will top traders’ watch list this week. Earnings are also in the spotlight, with a slew of corporate earnings due in Sydney and Hong Kong, along with economic data from the United States.
Japan’s inflation, household spending and employment for the month of July are due for release at 0730 SIN/HK before Tokyo’s market open on Thursday. Retail sales and industrial output for July are due at 0750 SIN/HK on the same day.
Economists polled by Reuters forecast nationwide core consumer price index (CPI) rising 3.3 percent on-year, unchanged from June’s reading. The core Tokyo CPI for July is seen advancing an annual 2.7 percent, a tick below the 2.8 percent in the previous month.
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