The fall in machinery orders in January suggests that business investment may not recover much this quarter from a disappointing 2021. But with corporate profits recovering strongly last year, firms have plenty of scope to ramp up capital spending this year.
Bank of Japan Drop-In (18 March, 16:00 SGT/08:00 GMT): What will the BoJ do if/when Japan’s CPI hits 2%? Join our Japan and Markets economists after the BoJ’s March meeting for a discussion about the inflation outlook, the policy response and what it all means for market. Register here.
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