Economic calendar in Asia Thursday, November 7 – Japan wages, China and Australian trade

Wages data from Japan will be eyed to give a clue on Bank of Japan rate hilkes ahead. The previous month’s data for these were a little disappointing for the Bank:

• Disappointing data on wages … not as yen positive as it could be

Since that data we’ve had Japanese elections with political push back against rate hikes until wage growth improves (again):

• If there is certainty that wage growth will exceed 4% at next year’s wage negotiations, BOJ can review monetary policy

Yes, next year! See the link for more.

Trade data from Australia and China follow later. Neitehr should shove around major FX rates too much.

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

This article was written by Eamonn Sheridan at www.forexlive.com.