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Japan Labor Cash Earnings On Tap For Tuesday

Japan will release May figures for labor cash earnings, housing start and construction orders - setting the pace for a modest day in Asia-Pacific economic activity.

Labor cash earnings are expected to hold steady at 0.7 percent on year, while real cash earnings are tipped to add 0.2 percent after easing 0.1 percent in April.

Housing starts are expected to climb an annual 6.0 percent after adding 0.4 percent a month earlier. Construction orders tumbled 12.1 percent on year in April, while vehicle production fell 7.5 percent.

Australia will see May figures for private sector credit and new home sales. Private sector credit is expected to add 0.6 percent on month and 6.2 percent on year after gaining 0.3 percent on month and 6.1 percent on year in April. New home sales added 0.6 percent in April.

New Zealand will provide May numbers for building permits and also see June results for the business confidence and activity outlook from ANZ Bank. Building permits fell 1.7 percent on month in April, while the business confidence index had a score of 15.7 and the activity outlook came in at 32.6.

South Korea will see May figures for industrial production; in April, output slipped 1.2 percent on month and 2.7 percent on year.

Thailand will release May numbers for imports, exports, trade balance, current account and manufacturing production.

In April, imports fell 9.1 percent on year and exports eased .7 percent for a trade surplus of $1.70 billion. The current account surplus was $1.113 billion, and manufacturing production slipped 5.3 percent on year.

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