Japan March machinery orders jump

Japanese core machinery orders jumped a bigger-than-expected 14.2 per cent in March, the quickest monthly pace in eight years, in a sign a weaker yen and surging stock prices are making companies more confident about investing in equipment.

But manufacturers expect core orders, regarded as an indicator of capital spending in the coming six to nine months, to fall in the second quarter, suggesting Prime Minister Shinzo Abe’s sweeping stimulus has yet to convince companies to substantially boost spending.

via Business feed http://www.scmp.com/business/economy/article/1239659/japan-march-machinery-orders-jump