Japan’s solidly expanding economy is reason to have faith in local equities. Machine order figures for March, released Tuesday afternoon, indicate the nation’s trade and investment story is alive and well, making the case for a sustained rebound in industrial output.
February’s business cycle leading indicator gauge ticked upward as well, while economists expect a rebound in the all industry activity index, due later today, after a steep contraction in January. With the yen’s recent weakness and the BOJ continuing to stress the need for strong monetary easing, local investors have reasons for optimism.
Source: Bloomberg Pro Terminal