Japan Current Account On Tap For Monday

(RTTNews) - Japan is on Monday scheduled to release current account data for September, highlighting a modest day for Asia-Pacific economic activity.

The current account is expected to show a surplus of 400.8 billion yen, up from 161.5 billion yen in August. The trade balance is tipped to reflect a deficit of 853.9 billion yen after showing a shortfall of 885.9 billion yen in the previous month.

Japan also will see October results for bank lending and bankruptcies, as well as the eco watchers survey. In September, bank lending was up 2.3 percent, while bankruptcies dropped 11.9 percent on year. The eco outlook survey saw a score of 54.2, while the survey for current conditions came in at 52.8.

Australia will provide September figures for home loans, with analysts expecting an increase of 3.5 percent following the 3.9 percent contraction in August - when the value of loans was down 1.9 percent and investment landing was flat.

Malaysia will release September numbers for industrial and manufacturing production. In August, industrial production was down 4.6 percent on month and up 2.3 percent on year. Manufacturing production lost 5.4 percent on month but climbed 4.6 percent on year.