Japan data - January exports and imports improve y/y, December machine orders improve y/y ...Middle East

While Japan's December core machinery orders improved y/y there are a few caveats to note:

the y/y at +4.3% was a miss on the consensus estimate of +6.9%the -1.2% m/m was a miss on the estimate also

Its regarded as a leading indicator of capital spending in the coming six to nine months.

more to come

This article was written by Eamonn Sheridan at www.forexlive.com.

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