Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Japan's machinery orders rebound in February

Japan's machinery orders rebound in February

Information is not investment advice

In February, Japan's machinery orders reported their first monthly soar for four months because of improved demand from the energy as well as telecommunications sectors, although decreasing global conditions are still key challenges for the world's number three economy.

The 1.8% leap month-on-month in core machinery orders, which is a volatile leading gauge of capital expenditure, followed a 5.4% tumble in March.

However, the expansion turned out to be weaker than the median estimate for a 2.5% jump in a Reuters survey of market experts. However, it won’t probably soothe worries that companies could greatly cut business investment because of the US-China trade conflict and soaring inventories of electronic parts.

In February, orders from manufacturers went up by 3.5%, following a 1.9% month-on-month slump in January, as Cabinet Office data revealed on Wednesday.

In February, orders from non-manufacturers headed south by 0.8% month-on-month following January’s 8% dive from the previous month.

Machinery orders from overseas tacked on by 19%, reviving from January’s 18.1% decline.

China and America are attempting to have their differences over trade narrowed, although they’re yet to agree to a new trade deal, which would unwind punitive levies and also restore global trade flows.

The two leading economies have been embroiled in a tit-for-tat tariff conflict since July the previous year that has impacted supply chains.

As a matter of fact, Japanese manufactures rely on selling heavy machinery as well as electronic parts utilized to produce finished goods to Chinese companies.  

Market experts state that uncertainty over trade policy could discourage Japanese businesses from ramping up capital expenditure that will serve as a curb on economic surge.

Similar

Popular

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later