Japan data: Core machinery orders -9.8% m/m (-1.5% expected)

February Core machinery orders data from Japan.

-9.8% m/m

• expected -1.5%, prior -2.0%

+4.3% y/y

• expected 14.5%, prior 5.1%

In response, the Japanese government says the pick up it had observed in machinery orders is stalling. It cuts its assessment.