Heads for Japan data due at 2350GMT — machinery orders, & also BOJ minutes

Due at 2350GMT —

  • Core Machinery Orders for January
  • And also Minutes of the BOJ January meeting

I posted mini-previews here:  Here is what’s on the economic calendar in Asia today
But, in case your mouse click thingamabob isn’t working …. (or to save you a click)

2350 GMT — Minutes of the BOJ January meeting. The minutes are
pre-empted weeks in advance by the ‘Summary of Opinions’. For
this BOJ meeting the summary was out on January 31.

2350GMT — Japan —
Core Machinery Orders for January

  • expected +5.2% m/m, prior -11.9%
  • expected -0.7% y/y,
    prior -5.0%

The big drop in
December for this was a bit of a shock and disappointment. A bounce
back, to a smaller extent, is expected in January. I like to keep an eye on the
‘machine tool orders’, which for January should a very solid 48%
rise in January, and preliminary data for February are up nearly 40%:

which augurs well
for the data today.

The bigger picture
of the Japanese economy is becoming more mixed after indicators had
earlier shown a good bit of recovery.

Article Source

Добавить комментарий