Japan On the Move

Data showing a surge in Japanese machinery orders is a sign that Japan Inc. is finally moving into expansion mode, just what’s needed to boost the country’s long-term growth prospects, analysts say.

Core machinery orders, a volatile number seen as an indicator of capital spending by corporates in the months ahead, soared 9.3 percent in November from a month earlier, marking a second straight month of gains.

It was the fifth biggest increase on record and well above expectations for a 1.2 percent rise by economists polled by Reuters.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.