Japan Core Machinery Orders for November +1.5% m/m (expected -6.5%)

Japan Core Machinery Orders give a heads up as a capex indicator for Japan in the months ahead, around 6 to 9 months out.

Having said that it is a volatile series.

Japan Core Machinery Orders for November come in at +1.5% m/m and -11.3% y/y

• expected -6.5%, prior +17.1% m/m
• expected -15.3%, prior +2.8% y/y