January Machine Orders 13.4% m/m,
- expected 7.1%, prior -15.7%
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January Machine Orders 23.6% y/y,
- expected +18.9%, prior +6.7%
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- The m/m has risen at its fastest rate since March of 2013
- Well above expectations. Capex in Japan is a positive for the administration, the BOJ mentioned better business investment in their statement on Tuesday
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Released by Japan’s Cabinet Office
