January 20, 2025 at 01:25AM
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.
Recapping Japans core machinery orders in November results exceeding expectations