Free Trial

MNI BRIEF: Japan's Machine Orders Post First Rise In 2 Months

(MNI) Tokyo

Japan's core machinery orders, which exclude volatile power generation equipment and ships, rose 0.9% on month in July, data released by the Cabinet Office on Wednesday showed, for the first month-on-month rise in two months.

The gain followed a 1.5% dip in June, indicating demand for capital investment remained solid, and supporting the Bank of Japan's view on corporate sector profits of a virtuous cycle and that capex is solid. The Cabinet Office left its assessment for the third straight month that machinery orders showed a sign of recovering.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

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.