Japan'S Machinery Orders Fell To Its Lowest Level In Two Years In May.
According to foreign media reports recently, the Japanese Cabinet Office released a report on Thursday, May.
Japanese machinery
The decline in orders, the highest level since August 2008, indicates that any rebound in business investment activities may be too weak, thus making it difficult to promote the process of economic recovery. This process is showing signs of losing momentum.
The report shows that
Japan
Machinery orders fell 9.1% in May, down for the first time in April, and for the first time in three months, while 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 publication of the report, the Japanese Yen
US dollar exchange rate
Down 0.8%, down 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, the Nikkei 225 index rose 2.8%, the highest gain in more than a month.
In the past 3 months, the index has fallen by 15%.
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