The value of core machine orders in Japan tumbled a seasonally adjusted 8.5 percent on month in February, the Cabinet Office said on Wednesday - coming in at 769.8 billion yen.
That badly missed expectations for an increase of 2.8 percent following the 4.5 percent decline in January.
On a yearly basis, core machine orders sank 7.1 percent - again missing forecasts for an increase of 2.3 percent following the 1.5 percent gain in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.