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Japan's core machinery orders to -1.4%

Japan

Japan's core machinery orders climbed from -11.0% to -1.4% and did not meet the economists' and the analysts' estimations for appreciation to 2.6%.

Japan struggles to sustain growth

The drop in Japan's machinery orders, for the month of May, is an indication that the nation struggles to attract investment for sustaining growth, as well as deal with the erosion of corporate profits and weak demand.

Shinzo Abe, Prime Minister, is under pressure amid the weaker capital expenditure and the urgent steps needed for boosting growth.

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Monday, 11 Jul, 2016 / 9:28

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/japan-s-core-machinery-orders-to--1.4

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