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Japanese Machine Orders Shrink More Than Expected

Japan’s core machinery orders fell 8.8 percent on month in February, worse than expectations for a 3 percent decline in a Reuters poll.

The decline follows January’s 13.4 percent on-month rise – the fastest gain in nearly a year – casting doubt on the strength of capital spending in Asia’s second-largest economy.

On an annual basis machinery orders rose 10.8 percent, below Reuters’ expectations for a 17.6 percent on-year rise.

Along with the data release the cabinet office cut its machinery orders assessment noting that the increasing trend in orders is stalling.

CNBC [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]