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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ps. post delayed because I hadn't realised it had not published .... here it s now :-(
