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Japan's May Core Machinery Orders Up 10.4% MoM

by：Gewinn 2022-05-15

The Japanese government announced that Japan's core machinery orders in May rose 10.4% month-on-month and 5.1% year-on-year. Comprehensive foreign reports on July 9, the Japanese government released data on the 9th showed that Japan's core machinery orders in May rose by 10.4% month-on-month on a seasonally adjusted basis, higher than economists' expectations for a monthly increase of 0.8%. Japan's unseasonably adjusted core machinery orders rose 5.1% year-on-year in May. Machinery orders data is widely seen as a leading indicator of capital investment conditions. Core machinery orders exclude power and shipbuilding orders. Due to their huge size, the volatility of these two items has a great impact on the overall data. Sina Statement: The content of this version of the article is purely the author's personal opinion, for investors' reference only, and does not constitute investment advice. Investors operate accordingly at their own risk.

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