Demand for Japanese machinery from overseas buyers suffered its biggest decline in more than 10 years in December. The Nikkei 225 index of the leading stocks fell by 0.15 percent to close at 15,316.13 on Friday, a day after it hit an all-time high and was up nearly 1 percent. Meanwhile, manufacturers expect overseas orders to fall a further 17.1% in Q1 2019, while core orders will fall 1.8%, according to a Cabinet Office survey.
Demand for Japanese machinery from overseas buyers suffered its biggest decline in more than 10 years in December. While machinery orders fell 0.1% month-on-month (MoM) in December, overseas orders experienced the biggest decline since November 2007, down 21.9% MoM. Meanwhile, manufacturers expect overseas orders to fall a further 17.1% in Q1 2019, while core orders will fall 1.8%, according to a Cabinet Office survey.