Japan’s core machinery orders rose 3.4% in November, exceeding expectations and signaling a recovery in capital expenditure ahead of the Bank of Japan's interest rate review.
Bank of Japan expected to raise rates this week - but there is a hurdle to overcome firstOrders from manufacturers jumped 6.0%
Analysts attribute the strength to labor shortages and digitalization-driven investment.
Despite uncertainties, including the incoming U.S. Trump presidency, business sentiment has improved.
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