Mount Fuji, Japan

Japan Investment December 2021

Japan: Core machinery orders growth rises in December

Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—grew 3.6% in month-on-month seasonally-adjusted terms in December, which followed November’s 3.4% increase.

On an annual basis, machinery orders rose 5.1% in December, which was notably below November’s 11.6% expansion. As such, annual average machinery orders grew 6.8% in 2021 as a whole, contrastingly markedly the 8.4% fall recorded in 2020.

December’s report also included machinery manufacturers’ forecasts for January–March 2022, which projects a 1.1% decrease in core machinery orders over the period, thus pointing towards renewed pessimism regarding capital spending after Q4’s 6.5% surge in machinery orders.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest