How 'bout that Nikkei? 8th largest rise yesterday! Abe's corporate tax cuts promises (like he hasn't said that before) a big driver.
Coming up from Japan today ... due at 2350GMT
- July Machinery Orders m/m, expected is 3.0%, prior -7.9%
- July Machinery Orders y/y, expected is 10.3%, prior 16.6%
Yesterday afternoon from Japan we got August machine tool orders. Ryan had the data and a look at the poor trend in that data (check it out, here)
And today it's a similar, but different set of data . Yesterday's Machine Tool Orders data is from the Japan Machine Tool Builders' Association. Today's Machinery Tools data is from the Japan Cabinet Office.
Also at 2350GMT
- PPI m/m for August: expected -0.4%, prior -0.2%
- And PPI y/y: expected -3.3%, prior -3.0%
And, the regular International Transactions in Securities data from Japan's Ministry of Finance
- Japan Buying Foreign Bonds
- Japan Buying Foreign Stocks
- Foreign Buying Japan Bonds
- Foreign Buying Japan Stocks
