Investing.com – Japanese core machinery orders increased more-than-expected in July, rising for the second straight month, official data showed on Wednesday.
In a report, Japan’s Cabinet Office said core machinery orders increased a seasonally adjusted 8.8% in July, after rising 1.6% in June.
Economists had expected core machinery orders to rise 2.0% in July.
The data showed that year-on-year, core machinery orders increased 15.9%, after declining 2.2% in June.
Economists had expected year-on-year core machinery orders to increase 8.1% in July.
Following the release of the data, the yen was up against the U.S. dollar, with USD/JPY shedding 0.45% to hit 83.46.
In a report, Japan’s Cabinet Office said core machinery orders increased a seasonally adjusted 8.8% in July, after rising 1.6% in June.
Economists had expected core machinery orders to rise 2.0% in July.
The data showed that year-on-year, core machinery orders increased 15.9%, after declining 2.2% in June.
Economists had expected year-on-year core machinery orders to increase 8.1% in July.
Following the release of the data, the yen was up against the U.S. dollar, with USD/JPY shedding 0.45% to hit 83.46.