Japanese Machinery Orders Fell To A Two-Year Minimum In May.
According to foreign media recently reported that the Japanese Cabinet Office announced on Thursday that the Japanese machinery in May Order The decline has fallen from its highest level since August 2008, indicating that any rebound in business investment activities may be too weak to push the process of economic recovery. This process is showing signs of losing momentum.
The report shows that Japan's May machinery Order It slipped 9.1% in April, the first decline in three months, and machinery orders were used to measure future capital expenditure. According to a Bloomberg survey, economists surveyed expect an average 3% decline in machine orders in May.
After the report was released, the yen fell 0.8% against the dollar and fell by 0.9% against the euro, reducing the pressure faced by exporters. Until then, the competitiveness of Japanese exporters has been threatened by the rising yen. On the stock market, Nikkei 225 index Up 2.8%, the highest increase in more than a month. In the past 3 months, the index has fallen by 15%.
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