Japanese machinery order tumble

|By:, SA News Editor

Japan's machinery orders, a leading indicator of capital expenditure, slumped 8.8% on month in February after jumping 13.4% in January and easily beating expectations for a drop of 3%.

On year, orders +10.8% vs +23.6% and consensus of +17.6%. (PR)

Machine tool orders +41.8% in March vs +26.1% in February. (PR)

The Nikkei closes flat, while the USD-JPY is -0.3% at ¥101.7.