Japan's core machinery orders fell 2.9% in April, signaling a decline in capital spending.

Japan's core machinery orders fell 2.9% in April, marking the first decline in three months, raising concerns over the strength of capital spending, a crucial factor for economic recovery. This drop came after the Bank of Japan's decision to start reducing its bond purchases, with a detailed plan expected next month. The core orders are a leading indicator of capital spending over the next six to nine months.

June 17, 2024
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