Japan core machinery orders down in April

By Reuters

Jun 18, 2024 12:14 am

TOKYO — Japan's core machinery orders fell in April for the first time in three months, government data showed on Monday, due to a pullback from the prior month's big jump, but the Cabinet Office said capital spending remained on track for a recovery.

The data followed the Bank of Japan's (BOJ) decision last week to start trimming its huge bond purchases, with it due to announce a detailed plan next month on reducing its nearly $5 trillion balance sheet.

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