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Japan data – Core machinery orders for May rose m/m and y/y

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 Japan Core Machinery Orders for May up 7.8% m/m

  • expected 2.6%, prior 0.6% m/m

  • and +12.2% y/y vs. expected 6.3%, prior 6.5% y/y

  • Used as a capex indicator for Japan in the months ahead

Government says this indicator is showing signs of a pick-up and raises its assessment. 



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