more to come

Japan economy data 19 February 2025 2

While Japan's December core machinery orders improved y/y there are a few caveats to note:

  • the y/y at +4.3% was a miss on the consensus estimate of +6.9%
  • the -1.2% m/m was a miss on the estimate also

Admittedly this is a volatile data series.

Its regarded as a leading indicator of capital spending in the coming six to nine months.

more to come

Source: Forex Live