Japan Core Machinery Orders Signal Resilient Corporate Capex Sentiment
Dow Jones
Aug 19
0159 GMT - Japan's core machinery orders data issued Wednesday indicate companies' resilient appetite for business investment despite geopolitical uncertainties. The data is considered a leading indicator for capex. "Although a resolution to the Iran situation appears unlikely for the time being, capital spending data are likely to show solid performance amid expectations for Prime Minister Takaichi's growth strategy," says Norinchukin Research Institute economist Takeshi Minami. Core machinery orders rose 9.7% in June from the previous month.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.