Perfect storm of economic and political factors led to renewed contraction.
Japan's core machinery orders fell -3.3% m/m amid a consensus of -2.5% m/m in August, the first decline in three months, noted BBVA.
"The worse-than-expected data points to a stalling economy, which has been undermined by the global slowdown, the strong yen, and more recently the deteriorating relationship with China due to the island dispute," said BBVA.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!