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Machinery Orders YoY

Name: Machinery Orders YoY
Creator: TipRanks

The 'Machinery Orders YoY' in Japan measures the year-over-year change in the total value of new orders placed with manufacturers for machinery, indicating future business investment. It is a leading indicator of industrial production and economic health, as increased orders suggest business expansion and economic growth. This metric is crucial for financial markets as it can influence monetary policy decisions and investor sentiment, particularly in Japan's export-driven economy.