Japan machinery orders +4.4% y/y (expected +6.9%)

Japan core machine orders for January 2025:

+4.4% y/y

• expected +6.9%, prior +4.3%

For the m/m, a drop of 3.5%

• expected -0.1%, prior -1.2%

These data are a leading indicator of capital spending in the coming six to nine months. It's a volatile data set.

---

The Bank of Japan statement is due later, on hold is expected:

• Economic calendar in Asia Wednesday, March 19, 2025 - Bank of Japan Day!