Japan – Core Machinery Orders for March -0.4% m/m (expected -6.7%)

Not as bad as expected, data from Japan – Core Machinery Orders for March

-0.4% m/m

  • expected -6.7%, prior 2.3% m/m

-0.7% y/y

  • expected -8.6%, prior -2.4% y/y

A capex indicator for Japan in the months ahead. The data point is a volatile one.