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Japan's machinery orders fall as trade war bites

Demand takes a hit as core machinery orders fall 5.4%, the fastest month-on-month decline since Sept 2018

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The weak capex also suggests that after more than six years in office, Japanese Prime Minister Shinzo Abe may struggle to keep the economy on track while the Bank of Japan faces pressure to prop up growth with some form of stimulus.

Tokyo

JAPAN'S machinery orders fell in January at the fastest pace in four months as the US-China tariff war hit global trade, knocking demand from the country's auto and telecommunications equipment manufacturing sectors lower.

The 5.4 per cent...

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