Latest data released by the Ministry of Land, Infrastructure, Transport and Tourism - 31 May 2018
- Prior -8.3%
- Annualised housing starts 0.992m vs 0.900m expected
- Prior 0.895m
- Construction orders +4.0% vs -4.0% y/y prior
Slight delay in the release by the source. Some good news from Japan at the very least, the data here is supportive of good construction sentiment and bodes well for jobs creation and that flows into the economy. A minor data point, but a much needed bounce in sentiment at least.
