Quite a lot on the docket from Japan today ….
2350GMT – August Machine Orders m/m,
– expected is +2.3%, prior -3.6%
– And for the y/y, expected is +3.5%, prior +2.8%
Machinery orders (Core Machinery Orders) data is from the Japan Cabinet Office, it looks at the total value of machinery orders received by 280 Japanese manufacturers. Yesterday we had the Bank of Japan express their confidence, once again, that the Japanese economy is recovering; they’ll be looking for some confirmation from this data point today (and theothers, of course)