At 2350GMT we get from Japan:
Machine Orders m/m for April:
- expected is -8.1%
- prior was +14.2%
Machine Orders y/y for April
- expected is -4.3%
- prior was +2.4%
Japanese data has, generally, shown some improvement recently. This will be giving the government and BOJ some comfort that their policies (or, at least, all the talk about their policies) are beginning to show some positive effect. This despite all the moaning and whining from the financial markets (yes, I’m including myself in the moaning and whining crew) as JGBs and the Nikkei get sold off and the yen bought back.
Also at 2350GMT is:
Domestic Corporate Services Price Index for May:
For the m/m
- expected is +0.2%
- prior was +0.3%
For the y/y
- expected is +0.6%
- prior was 0.0%
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After all this, up later at 0500GMT … drumroll please … we get more from the BOJ! As if yesterday’s efforts (or lack of) weren’t enough (see, I told you I was in the whining and moaning crew), we hear more from them today – its their monthly economic assessment.