Japan’s June Core Machinery Orders 2.7% m/m (expected 3.6%; last -7.6%); -5.8% yr/yr (expected -5.5%; last -8.7%)
June Tertiary Industry Activity Index -0.4% m/m (expected -0.2%; last 1.2%).
July trade deficit JPY560 bln (expected deficit of JPY660 bln; last deficit of JPY540 bln).
July Imports -13.5% yr/yr (expected -14.7%; last -12.9%) and Exports -0.3% yr/yr (expected -0.8%; last 1.5%)ast 0.2%)
Japan’s exports fell 0.3% yr/yr in July, representing the first decrease in 29 months due to weak demand from China while exports to the U.S. reached a record.