Japan's core machinery orders rise

Monday, 12/09/2016 | 09:20 GMT-0

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Japan's core machinery orders climbed for the second consecutive month in July, thus somehow minimizing the pessimism over capital expenditure, despite the concerns regarding the weak demand and the gains of the Japanese yen that discourages investment.

Japan resumes facing uncertainty

Shinzo Abe aimed to boost the private sector's growth via capital expenditure, but the weak business investment led to external headwinds and uncertainty.

Today, Monday, the latest data showed that the orders for core machinery climbed in July 4.9% compared to June.

Moreover, according to the senior economist, Hiroshi Shiraishi, capital expenditure resumes stable.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/japan-s-core-machinery-orders-rise

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