Japan data sees Machine orders decline, Bank Lending contracts
|Japan saw a healthy data dump in the early Thursday trading session, covering a range of low- and mid-tier data from foreign bond investment to machine orders in September.
Key highlights
- Annualized Bank Lending into October fell to 2.2% versus the expected 2.4% (previous 2.3%).
- Foreign investment in stocks rebounded to ¥107.6 billion after declining by ¥-356.9 billion, while Foreign bond investment from January 4th recovered to a still-contracting reading ot ¥-167.3 billion (previous ¥-1.075 trillion).
- Japan's non-seasonally adjusted Current Account for September held relatively steady at ¥1.82 trillion (last ¥1.83 trillion).
- Annualized Machinery Orders into September fell sharply by -7% versus the expected 7.7% (previous 12.6%, while the m/m orders fell by a sharp -18.3% (forecast -10%, last 6.8%).
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