FX.co ★ Japan’s Core Machinery Orders Growth Cools to 13.7% YoY in January 2026

Japan’s core machinery orders growth slowed in January 2026, rising 13.7% year-over-year, down from a 16.8% increase in December 2025, according to data updated on 18 March 2026. The figures compare each month with the same period a year earlier.

The moderation in January’s year-over-year growth suggests corporate investment momentum remains solid but is easing from the brisk pace seen at the end of 2025. While still firmly in positive territory, the deceleration may signal that the strongest phase of the recent investment cycle is passing as businesses reassess capital spending plans after a robust finish to last year.