Japan - Core Machinery Orders (January): +8.2% m/m (expected +5.2%)

Author: Eamonn Sheridan | Category: News

A stronger than expected showing for core machine orders 

+8.2% m/m
  • expected +5.2% m/m, prior -11.9%
+2.9% y/y
  • expected -0.7% y/y, prior -5.0%
The Cabinet Office (publishers of this data) adds on that orders for machinery are recovering. 

This data point is used as an indicator for capex to come down the pipeline, in around 6 to 9 months.
Out at the same time:
Later today, the scheduled Bank of Japan Japanese Government Bond buying operation 
  • 1-3, 3-5, 5-10 years
ps for background on this machinery order data point, check out my preview here