Japan Investment

Japan

Japan: Machinery orders remain strong in December

February 7, 2013

Core machinery orders, a leading indicator of capital spending over a three to six month period, expanded for the third month in a row in December. Headline machinery orders (private sector, excluding volatile orders) rose a seasonally adjusted 2.8% over the previous month, following the 3.9% increase tallied in November. In addition, the print contrasted market expectations that had orders dropping 0.7%.

Overall manufacturing orders remained strong in December, while the non-manufacturing category contracted. Moreover, machinery orders from overseas, which determine future exports, declined a sharp 12.6%.

Compared to the same month the year before, core machinery orders fell 3.4% in December, after rising a mild 0.3% in November. In the full year 2012, core machinery orders fell 0.9%, which contrasts the 7.8% expansion tallied in 2011.

As a result, the Cabinet Office upgraded its assessment on machinery orders, stating that the trend "shows signs of a moderate pick-up". In addition, the Office predicts a 0.8% rise in the first quarter this year, following the 2.0% increase posted in the fourth quarter of 2012.


Author:,

Sample Report

Looking for forecasts related to Investment in Japan? Download a sample report now.

Download

Japan Investment Chart


Japan Investment December 2012

Note: Month-on-month changes of seasonally adjusted core machinery orders and year-on-year growth rate in %.
Source: Ministry of Economy, Trade and Industry (METI) and FocusEconomics calculations.


Japan Economic News

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form