Japan core machine orders

Japan core machine orders data for July 2025. These data are a leading indicator of capital spending in the coming six to nine months. It’s a volatile data set. -4.6% m/m expected -1.7%, prior 3.0% +4.9% y/y expected +5.4%, prior +7.6% The y/y headline flattered the data, that m/m is terrible. – The Bank of…