Japan’s Core CPI increased at its fastest pace since March 2015 in the June reading.
Japan’s Finance Minister Suzuki said that full attention needs to be paid to the risk that rising inflation poses to economic growth.
Westpac expects that the Reserve Bank of Australia will raise its cash rate to 3.35% by February.
Japan’s flash July Manufacturing PMI 52.2 (last 52.7) and flash Services PMI 51.2 (last 54.0). June National CPI 2.4% yr/yr (last 2.5%) and National Core CPI 2.2% yr/yr, as expected (last 2.1%)
South Korea’s June PPI 0.5% m/m (last 0.7%); 9.9% yr/yr (last 9.9%)
Australia’s flash July Manufacturing PMI 55.7 (last 56.2) and flash Services PMI 50.4 (last 52.6)
Singapore’s Q2 URA Property Index 3.5% qtr/qtr (last 3.2%)