-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI 5 THINGS: Japan Apr Machine Orders Jump To 10-Year High
--Japan Apr Core Machine Orders +10.1% M/M; MNI Median +2.5%
--Japan Apr Core Machine Orders Post 1st M/M Rise in 2 Months
--Japan Apr Core Orders at Y943.1 Bln Highest Since June 2008
--Japan Govt Upgrades View: Machine Orders Picking Up
TOKYO (MNI) - Japan's core machinery orders, which exclude volatile orders
for power generation equipment and ship, surged 10.1% on month to a nearly
10-year high, indicating capital investment remains solid, data from the Cabinet
Office released Monday showed.
The high level of orders as well as a rebound in orders from both the
manufacturing and non-manufacturing sectors prompted the government to upgrade
its assessment of machinery orders for the first time in eight months.
The key points from the latest machinery orders data:
* April's core order increase was the first in two months after -3.9% in
March and higher than the MNI survey median economist forecast for a +2.5% rise
(forecast range: from -1.5% to +6.1%). It was partly supported by a large
one-off order.
* April core orders totaling Y943.1 billion were the largest since June
2008.
* The three-month moving average of core orders also indicates capital
investment is firm. The moving average rose 0.5% in April from the previous
three-month period, the first rise in three months.
* Orders from the manufacturing sector jumped 22.7% in April for the first
rise in two months, rebounding sharply from -17.5% in March, while those from
the non-manufacturing sector edged up 0.4% on month for the fourth straight rise
after +2.2% in March.
* The Cabinet Office upgraded its assessment, saying, "Machinery orders are
picking up," compared to the previous statement that they were "showing signs of
a pickup." It was the first upward revision since August 2017. The expression
"picking up" was last used in June 2015.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Tokyo Bureau; tel: +81 90-4670-5309; email: max.sato@marketnews.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$,MT$$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.