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19 May 2014
Japan: Machine orders go through the roof
FXStreet (Bali) - Japan Machine Orders rose by an astounding 19.1% m/m from 5.8% expected.
Peter Fell, Editor at FXBeat, said that these are "amazingly strong figures, showing capital spending is alive and well in Asia's second biggest economy."
Meanwhile, Sean Lee, Founder at FXWW, notes: "Much stronger than expected machinery orders out of Japan will convince the Japanese government and the BOJ that they are on the right path."
Peter Fell, Editor at FXBeat, said that these are "amazingly strong figures, showing capital spending is alive and well in Asia's second biggest economy."
Meanwhile, Sean Lee, Founder at FXWW, notes: "Much stronger than expected machinery orders out of Japan will convince the Japanese government and the BOJ that they are on the right path."