Asia-Pacific markets head into a heavy week of data with Japan, China, and Australia all on deck which should provide a clearer picture of the impact of tariffs.
Japan kicks things off Sunday evening with a batch of Q2 GDP releases (quarterly, annualized, and the deflator) alongside the Current Account balance. Yen may find some relief from the increase US cut prospects, but that is still to see in next week’s trading.
At the same time, China releases its August trade data (exports, imports, and the trade balance in both CNY and USD terms).
As a reminder, these numbers often set the tone for commodity-linked FX like the AUD and NZD.
Monday brings Australia’s Westpac Consumer Confidence print, a useful gauge of sentiment before more heavyweight Chinese data arrives.
On Tuesday, China is back in focus with CPI and PPI for August—inflation metrics that could confirm whether deflationary pressures are persisting or starting to ease.
These releases will carry weight not just for China’s policy outlook but also for regional risk appetite.
Finally, on Thursday, New Zealand drops its Business NZ PMI, an important look at whether the Kiwi economy is keeping pace with regional peers.
All told, Japan’s growth data, China’s trade and inflation prints, and Australia’s sentiment survey will dominate the conversation across Asia, while New Zealand quietly rounds out the APAC week with its own manufacturing snapshot.
