Yen appreciated after the Cabinet Office in Tokyo said that Equipment orders which "signal capital spending in the next three to six month" fell 2.6 percent in June, after 10.4 percent rise in May. It was less than 9.9 percent decrease which was expected. The reaction came two days after the Fed decision to hold interest rate spurred a 3 percent rally in U.S. indexes.
Some analysis believe that Japan economy is in or close to a recession but such numbers suggest that it could be a shallow one.
Some analysis believe that Japan economy is in or close to a recession but such numbers suggest that it could be a shallow one.
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