Japanese machine orders came out yesterday

The results were a huge blowout beat, posted here

Comments now crossing from Japan economy minister Ishihara. He's a bit late!

  • No change in japan's economic fundamentals
  • Machinery orders shows capital expenditure is in moderate recovery
  • Need to continually monitor fx and market moves, which have been rough since the start of the year

Looks like a deer caught in headlights. But, he's got a tough job.