Japan Core Machinery Orders for September 0.0% m/m (expected 1.8%)

Japan Core Machinery Orders for September 0.0% m/m and 12.5% y/y

• expected 1.8%, prior -2.4% m/m

• expected 17.4%, prior 17.0% y/y

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

A big miss for the machine order data. Expectations are that Japan's economic performance will improve for the rest of Q4 as it emerges from coronavirus restrictions.