Pedestrians walk in front of the Bank of Japan's headquarters in Tokyo on May 30, 2024. (Photo by Kazuhiro NOGI/ AFP)
TOKYO: Japan’s core machinery orders fell in April for the first time in three months, government data showed yesterday, due to a pullback from the prior month’s big jump, but the Cabinet Office says capital spending remains on track for a recovery.
The data followed the Bank of Japan’s decision last week to start trimming its huge bond purchases, with it due to announce a detailed plan next month on reducing its nearly US$5 trillion balance sheet.
