Japanese machinery orders beat analysts’ expectations, Trend Remains Weak

Japanese machinery order for December have just been released by the Cabinet Office.

Japan Dec Core Machine Orders +2.8% M/M; MNI Fcast -0.7%
Japan Dec Core Machine Orders Post 3rd Straight M/M Rise
Japan Q1 Core Machine Orders Seen +0.8% Q/Q; Q4+2.0%
Japan Gov’t says machinery orders showing moderate pickup.
Japan Dec Core Machinery Order -3.4% Y/Y Vs Nov +0.3%
Japan Dec Machine Orders From Overseas -12.6% M/M; Nov +17.0%