Japan's core machinery orders soared to new heights in February 2024, marking a significant rebound from the previous month. Excluding orders for ships and electric power companies, the figures surged by a remarkable 7.7% month-on-month, reaching a staggering 886.8 billion yen. This surge defied market forecasts, which had anticipated a mere 0.8% increase, showcasing the resilience and vigor of Japan's industrial landscape.
Driving this remarkable uptick were substantial gains in both the manufacturing and non-manufacturing sectors, which saw increases of 9.4% and 9.1% respectively, amounting to 386.3 billion yen and 505.9 billion yen. Such robust growth in capital spending bodes well for the nation's economic trajectory, with analysts eyeing it as a pivotal leading indicator for the next six to nine months.
However, amidst the celebratory figures, there remains a note of caution. On an annual basis, private-sector machinery orders witnessed a slight decline of 1.8% in February, hinting at potential challenges ahead.
Tom, do you see how the yen is dropping against the dollar? How far do you think the BOJ will let it fall?
Yes, I'm watching it. But I really have no idea. But they for sure will stop the bleeding
Yes! Japan will always prevail. It reminds me of the high speed rail story. Everyone thought Japan was crazy to make the bullet train, but they persevered! Take a look at this! https://youtu.be/T3LLgzO_PrI?si=sIbDJzp-C9wg7pm-
Never fuck around with their Samurai spirit
Their Bushido ;)
Are You german: then this was the best insider joke of the day
Sorry, not german. But I did study the language for a few years
okay, for background: in Germany there is a very famous German rapper called Bushido, who has made it his business to entertain the primitive rabble in Germany
I googled it, I thought that was who you were talking about. Sounds like the drake of germany
Lol