(CEP News) - The U.S. government plans to issue more debt in the current quarter than any time in history, the Department of Treasury said on Monday.

In the July-Sept quarter, the Treasury plans to borrow $171 billion in marketable debt. It is the highest amount for the second fiscal quarter and the second-highest amount for any quarter.

Borrowing for the quarter is up $59 billion from last year. The Treasury said the borrowing increase is due to the fiscal stimulus package, as well as to cover lower state and local government series issuance.

In the following quarter, from Oct-Dec, the Treasury said it plans to scale back borrowing to $142 billion. The total for the fiscal 2008 year is estimated at $555 billion.

(CEP NEWS) - Australian CPI remains a significant market focus this week. A second-quarter 1.3% quarterly increase is expected, along with a 4.3% annualized increase.

The Reserve Bank of Australia’s trimmed mean and weighted median figures are scheduled to be released in tandem with the index’s headline inflationary result.

The Japanese all industry activity index will be released to markets, with a 0.4% month-over-month incline expected.

All times in EDT

Monday

19:50 JP All Industry Activity Index (M/M) May Exp: +0.4% Prior: +0.8%

Tuesday:

1:00 JP Supermarket Sales (Y/Y) June Prior: -1.1%

3:00 JP Convenience Store Sales (Y/Y) June Prior: +3.7%

21:00 AU DEWR Skilled Vacancies (M/M) July Prior: -0.1%

21:30 AU Consumer Prices (Q/Q) Q2 Exp: +1.3% Prior: +1.3%

21:30 AU Consumer Prices (Y/Y) Q2 Exp: +4.3% Prior: +4.2%

21:30 AU RBA Trimmed Mean (Q/Q) Q2 Exp: +1.1% Prior: +1.2%

21:30 AU RBA Trimmed Mean (Y/Y) Q2 Exp: +4.2% Prior: +4.1%

21:30 AU RBA Weighted Median (Q/Q) Q2 Exp: +1.1% Prior: +1.3%

21:30 AU RBA Weighted Median (Y/Y) Q2 Exp: +4.4% Prior: +4.4%