Japan - Core machine orders for March beat: +3.8% (expected 0.0%)

A good beat for this data point, much better than expected

Core machinery orders for March +3.8% m/m

• expected 0.0%, prior 1.8%

-0.7% y/y

• expected -3.4% y/y, prior -5.4%

This is a volatile data set, nevertheless for FWIW a solid sign for capex ahead.