Update On "Synchronized" Global Growth: Japan's Machine Tool Orders Plunge 11.9% in December

 has not been a good week for Japan's economic outlook as following last night's dismal GDP print, tonight shows Japanese Machine Orders collapsed 11.9% MoM in December - the biggest crash since Japan raised the sales tax in May 2014...

Against expectations of a modest 2.0% drop (after November's 5.7% rise, Machine Orders collapsed...

 

https://www.zerohedge.com/news/2018-02-14/usdjpy-extends-losses-after-japanese-machine-orders-crash

 

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