JAPAN DATA: Japan’s April core machine orders (-3.3% m/m) saw some
cancellations caused by the March 31 earthquake disaster but it is
unknown how much these cancellations affected orders, a Cabinet Office
official said. In order for core orders to rise 10.4% in Q2 from Q1, as
forecast by firms, they would have to grow 12.3% m/m in each of May and
June, which seems difficult to achieve, he told reporters.