Japan's core machinery orders increased 7.7% in February, surpassing economists' expectations.
Japan's core machinery orders increased by 7.7% in February, surpassing economists' expectations of a 0.8% rise. This marks a significant rebound from January's 1.7% decline and offers hope for improvements in domestic demand. Despite a weaker yen against the dollar, which may raise import prices and living costs, the increase in core machinery orders suggests a potential easing of concerns about weak domestic demand.
April 15, 2024
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