Japan data: Machinery orders for March +1.4% m/m (expected +2.5%)

Core Machinery orders, from Japan’s Cabinet Office
+1.4% m/m for March
– expected +2.5% m/m, prior +1.5%
-0.7% y/y
– expected +1.2%, prior +5.6%

A measure of private sector machinery orders (excluding ship and power equipment) and indicative of capital expenditure 6-9 months out

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