Machine orders data from Japan earlier came in at its worst on record. Where to for capex?

Reuters with a bit of a recap on what does appear to be dreadful data from Japan earlier

(ICYMI:

• Japan - Core machinery orders for September: -18.3% m/m (expected -9.0%)

)

Main points via Reuters: :

• Fell by the most ever on record 'after a severe earthquake and typhoons disrupted business activity'
• 12.5 percent decline in overseas machinery orders, the biggest such fall in more than two years
• "I was already expecting capital expenditure to be weak in July-September, but the fall in overseas orders makes me worried about demand from China," said Hiroaki Muto, economist at Tokai Tokyo Research Center."Japan's economy will resume expansion from the fourth quarter, but I'm worried the pace of growth will wane."

Link for more (if you need less cheeriness in your day)