Date
GMT+01:00
Event Previous Forecast Actual
May, 13 00:50
Bank Lending
Bank Lending
Country:
Date: May, 13 00:50
Importance: Low
Previous: 4.8%; 5.2%
Forecast: 4.6%
Actual: -
Period: Apr

The value of all outstanding loans with Japanese banks. Bank lending is important because lending increases with increased business confidence and investment. It is particularly insightful for the Japanese economy because of the weakness that has plagued the Japanese banking sector. The headline number is for total loans and discounts and is a percentage change from the previous year.

4.8%; 5.2% 4.6% -
May, 13 00:50
Current Account
Current Account
Country:
Date: May, 13 00:50
Importance: Low
Previous: 2709.0bln; 3932.7bln
Forecast: 2940.0
Actual: -
Period: Mar
2709.0bln; 3932.7bln 2940.0 -
May, 13 02:30
★★
Wage Cost Index
Wage Cost Index
Country:
Date: May, 13 02:30
Importance: Medium
Previous: 0.8%; 3.4%
Forecast: 0.8%
Actual: -
Period: 1 quarter

Measures quarterly changes in Australian wages. Two versions of the Labor Price Index exist: one which includes bonuses, and one which excludes them. The Labor Price Index is similar to the US Employment Cost Index, an early indicator of wages pressure on inflation. An increase in the index suggests rising inflation pressures because firms tend to eventually pass higher labor costs onto consumers in the form of higher prices.

The headline figure is the quarterly percentage change in the Labor Price Index.

Technical note: The index is constructed by combining 8 separate indexes. The 4 wage price indices are:
• ordinary time hourly rates of pay excluding bonuses index
• ordinary time hourly rates of pay including bonuses index
• total hourly rates of pay excluding bonuses index
• total hourly rates of pay including bonuses index

The 4 non-wage price indices are:
• annual and public holiday leave
• superannuation
• payroll tax
• workers' compensation

0.8%; 3.4% 0.8% -
May, 13 04:00
★★
Expected Annual Inflation 2y from now
Expected Annual Inflation 2y from now
Country:
Date: May, 13 04:00
Importance: Medium
Previous: 2.37%
Forecast: -
Actual: -
Period: 1 quarter
Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.
2.37% - -
May, 13 06:00
Economy Watchers Survey
Economy Watchers Survey
Country:
Date: May, 13 06:00
Importance: Low
Previous: 42.2; 38.7
Forecast: 41.7
Actual: -
Period: Apr

The Economy Watchers Survey asks business-cycle sensitive workers their thoughts on existing and future economic conditions, giving a detailed picture of economic trends in Japan . The survey is based on questionnaires from 'man on the street' sectors that are particularly vulnerable to business cycle turns. These segments of the economy include sectors such as retail, restaurant service and taxi driving. With this combined data the Japanese Eco Watchers report serves as both a consumer confidence indicator and a leading indicator for the rest of the economy. The report is usually released less than two weeks after the reporting month, thus its statistics are usually very timely. The headline number is released where 50 represents the center midpoint line of boom/bust sentiment.

42.2; 38.7 41.7 -