TOKYO (MNI) – The following are the median forecasts for Japanese economic
data due in the coming week provided by economists surveyed by MNI.
Core machinery orders, a leading indicator of capital spending, are
expected to post the first gain in three months, up 2.3% on month after sharp
drops in the previous two months.The 4.3 drop in September core orders was
widespread ranging from the car and electronics industries to construction and
farming.
Monday, Dec. 10, 0850 JST (2350 GMT Sunday): The Ministry of Finance
releases the October current account balance.
Forecast: A surplus of Y230.9 billion, down 56.8% on year for a second
straight monthly drop after -68.7% in September and +4.2% in August. The trade
balance will show a deficit worth Y450.0 billion, wider than a deficit of Y208.9
billion in October 2011, and the income balance will be in surplus by Y1.087
trillion, down 3.1% on year.
Wednesday, Dec. 12, 0850 JST (2350 GMT Tuesday): The Cabinet Office
releases October machinery orders.
Forecast for private-sector core orders, which exclude volatile demand from
electric utilities and for ships: +2.3% on month, which would be the first gain
in three months after -4.3% in September and -3.3% in August.
Wednesday, Dec. 12, 0850 JST (2350 GMT Tuesday): The Bank of Japan releases
November corporate goods price index (CGPI).
Forecast: -0.9% on year, an eighth straight monthly drop. The pace is
decline is seen decelerating further from -1.0% in October, -1.5% in September
and -1.9% in August, as the weaker yen makes imports more costly and energy
prices are rising.
–MNI Tokyo Bureau; tel: +81 90-4818-1387; email: skodama@mni-news.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$]
