At 2350GMT we get monetary base figures from Japan for August. The BOJ is expanding the base as part of their easing operations, so a big increase is expected.
- The monetary base for July (the prior) was +38% y/y to 173.3tln yen
- Expectations for August are at +41.3%
Minimal impact on the yen is expected from this data point
Look at that expansion …
![Japan monetary base expansion up to August 2013](http://az705044.vo.msecnd.net/20130902/base.png)
Also, at 0130GMT we get Labor Cash earnings for July.
- The prior was +0.6% (revised higher from+0.1% originally)
- Forecast is for +0.8%
![Japan labor cash earnings August 2013](http://az705044.vo.msecnd.net/20130902/labor-cash-earnings.png)
The government wants to see earnings increase along with inflation to help try to get Japan out of deflation, as such this is an important release.