- 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
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