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Japan Has Y1,821.6 Billion Current Account Surplus

Japan had a current account surplus of 1,821.6 billion yen in September, the Ministry of Finance said on Thursday – down 19.3 percent on year. That exceeded expectations for a surplus of 1,786.5 billion yen and was down from 1,838.4 billion yen in August. The trade balance showed a surplus of 323.3 billion yen –…

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Japan Overall Bank Lending Climbs 2.2% In October

Overall bank lending in Japan was up 2.2 percent on year in October, the Bank of Japan said on Thursday – coming in at 529.471 trillion yen. That follows the 2,3 percent increase in September. Excluding trusts, bank lending was also up an annual 2.2 percent to 460.417 trillion yen. That also was down from…

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Japan Core Machine Order Data Due On Thursday

Japan will on Thursday release September figures for core machine orders, setting the pace for a busy day in Asia-Pacific economic activity. Core machine orders are expected to have tumbled 9.0 percent on month and climbed 7.6 percent on year after rising 6.8 percent on month and 12.6 percent on year in August. Japan also…

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New Zealand Holds Official Cash Rate Steady At 1.75%

The Reserve Bank of New Zealand on Thursday kept its Official Cash Rate at the record low of 1.75 percent for the 14th straight meeting. The decision was in line with expectations following a 0.25 percent rate cut in November 2016. The central bank has pared a collective 0.50 percent from its benchmark in the…

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China's Exports, Imports Rise More Than Forecast

China’s exports and imports increased more-than-expected in October, official data showed Thursday. Exports grew 15.6 percent annually, the General Administration of Customs reported. Economists had forecast an increase of 11.7 percent. At the same time, imports surged 21.4 percent compared to the forecast of 14.7 percent. As a result, the trade surplus came in at…