TOKYO: Japan’s core private sector machinery orders unexpectedly fell in May to a record low value, pointing to a bleak outlook for capital spending and backing expectations the central bank will extend measures to support corporate finance.
Bank lending slowed from a record pace in June, separate data showed, reflecting an improvement in credit conditions but also less demand from companies to borrow for investment in capital goods, analysts said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!