Japan’s Machinery Orders Rise 2.9% in September

Japan’s core machinery orders, a leading indicator of capital spending, rose for the fourth straight month in September.

Core machinery orders rose 2.9 percent on month, above expectations for a 1.9 percent decline in a Reuters poll but slower than August’s 4.7 percent increase.

Year-on-year, machinery orders rose 7.3 percent in September, above expectations for a 1.3 percent decline.

The above-view data failed to boost Japanese equities, however; Japan’s benchmark Nikkei 225 opened 0.1 percent lower shortly after the data.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza