Japanese machinery orders, corp good prices upbeat

FXStreet (Bali) - Japanese February core machinery orders and March domestic corporate goods prices came much better-than-expected, suggesting that the recent upbeat rhetoric by the BoJ on inflation has now some fundamental back up. If the data continues to show improvements, the prospects for Q2 CAPEX in Japan look brighter.

Key headlines

Japan Machinery Orders (YoY) came in at 5.9%, above expectations (3.7%) in February

Japan Domestic Corporate Goods Price Index (MoM) registered at 0.3% above expectations (-0.1%) in March

Japan Domestic Corporate Goods Price Index (YoY) came in at 0.7%, above expectations (0.4%) in March

Japan Machinery Orders (MoM) came in at -0.4%, above expectations (-2.8%) in February