Japan has raised its assessment on machinery orders after solid November data

Japan Core Machinery Orders for November 2021

+11.6% y/y

• expected 6.1%, prior 2.9% y/y

+3.4% m/m

• expected 1.4%, prior 3.8% m/m

• The data point is used as a capex indicator for Japan in the months ahead

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Japan's government has raised it machine orders assessment, says the orders are showing signs of a pickup.