Recapping Japan’s core machinery orders in November, results exceeding expectations

Japan’s core machinery orders rose 3.4% in November, exceeding expectations and signaling a recovery in capital expenditure ahead of the Bank of Japan’s interest rate review.

• Bank of Japan expected to raise rates this week – but there is a hurdle to overcome first

Orders from manufacturers jumped 6.0%

• non-manufacturers saw a 1.2% increase

Analysts attribute the strength to labor shortages and digitalization-driven investment.

Despite uncertainties, including the incoming U.S. Trump presidency, business sentiment has improved.

This article was written by Eamonn Sheridan at www.forexlive.com.