Japan Current Account On Tap For Monday

(RTTNews) - Japan will on Monday release March figures for current account, highlighting a modest day for Asia-Pacific economic activity.

The current account is expected to show a surplus of 347.7 billion yen, down from 612.7 billion yen in February. The trade balance is tipped to show a deficit of 1,125.4 billion yen after coming in at a deficit of 533.4 billion yen in the previous month.

Japan also will see April numbers for bank lending, bankruptcies and the eco watchers survey. In March, bank lending was up 2.3 percent on year, while lending including trusts gained 2.1 percent.

Bankruptcies were down an annual 12.37 percent, while the eco survey for current conditions saw a score of 57.9 and the outlook was at 34.7.

Australia will provide March data for credit card purchases, and also see April results for the business confidence survey from NAB.

Credit card spending was worth A$21.4 billion in February, with balances at A$50.2 billion. The business confidence survey in March was up 4.1 points, while the conditions index added 0.7 points.

Malaysia will release March numbers for industrial and manufacturing production. Industrial output is expected to fall 1.7 percent on month and add 3.3 percent on year after gaining 2.9 percent on month and 6.7 percent on year in February. Manufacturing production climbed 3.7 percent on month and 9.8 percent on year in the previous month.