Japan, China, Thailand, Taiwan: Asia Local Bonds, Foreign-Exchange Preview - Bloomberg

The following events and economic reports may influence trading in Asia’s local bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.

Financial markets will be closed for holidays in India, Indonesia, Malaysia, Pakistan, the Philippines and Singapore.

Japan: Chief Cabinet Secretary Yoshito Sengoku and Finance Minister Yoshihiko Noda will hold media briefings after a Cabinet meeting in the morning. Sengoku will have another press briefing at 4 p.m. in Tokyo.

The Bank of Japan will publish at 8:50 a.m. in Tokyo the minutes of its Aug. 9-10 policy board meeting.

The Cabinet Office will release at 8:50 a.m. in Tokyo its final figures for the nation’s gross domestic product in the second quarter. Japan’s GDP rose an annualized 1.5 percent in the three months ended June 30, according to a Bloomberg News survey of economists.

The Bank of Japan will release at 8:50 a.m. in Tokyo its report on producer prices in August. Japan’s producer prices fell 0.2 percent in August from a year earlier, after a 0.1 percent decline in July, a separate Bloomberg survey showed.

The yield on the 1 percent government bond due September 2020 was at 1.12 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 83.87 per dollar at 7:13 a.m. in Sydney.

China: A government report today will show exports exceeded imports by $26.9 billion in August, compared with $15.7 billion in the same month a year earlier, according to the median forecast of analysts surveyed by Bloomberg. Exports probably rose 35 percent and imports 27.5 percent.

The finance ministry will sell 91-day bills.

The yield on the 2.52 percent note due July 2015 was 2.71 percent. The yuan was at 6.7832.

Thailand: The central bank will report foreign reserves for the week ended Sept. 3 today. The holdings were a record $154.7 billion on Aug. 27.

The yield on the 3.625 percent note maturing in May 2015 was 2.70 percent. The baht was at 30.88.

Taiwan: Taiwan will sell NT$100 billion of 364-day negotiable certificates of deposits today.

The yield on the 1.125 percent note maturing in September 2020 stood at 1.20 percent. The Taiwan dollar was at NT$31.939.

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