This is a volatile data set, indicative of business capex around six to nine months in the future

5.2% m/m … fastest m/m gain since October last year. And its 3rd consecutive monthly rise.

  • expected -0.8% m/m, prior 3.8%

2.5% y/y

  • expected -5.3% y/y, prior -0.7%

On the back of this (and previous) data the Japanese government have rasied their their assessement for machine orders.