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Japan core machinery orders rebound, signal capex recovery intact

Jun. 11, 2018 12:56 PM ETEWJ, JEQ, JOF, DFJ, DXJ, FXY, JYNFF, EWV, SCJ, YCL, YCS, EZJ, DBJP, FJP, JPNL, DXJS, HEWJ, DXJF, JPMV, QJPN, JHDG, JPN, HFXJ, HJPX, JPXN, DEWJ, GSJY, JNMFBy: Gaurav Batavia, SA News Editor
  • Japan's core machinery orders ROSE 10.1% in April jumped the most since the start of 2016, bolstering some hopes for durable growth in capital expenditure seen as crucial for a recovery in the economy after a contraction in the first quarter.
  • The less-than-expected increase in factory output and an unexpected decline in household spending in April added to concerns about the fragility of the economy after it contracted in the first quarter.
  • With inflation struggling to accelerate toward its 2 percent price target, the Bank of Japan is widely expected to stand pat at its policy setting meeting this week.
  • Source: Investing.com
  • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, JYN, JOF, JPNL, DXJS, HEWJ, JEQ, YCL, EWV, EZJ, SCJ, JPXN, DXJF, JPN, JHDG, JPMV, FJP, HJPX, QJPN, DEWJ, GSJY, HFXJ, DDJP

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