J P M O R G A N Japan Economic Research 19 August 2026 Japan: Machinery orders rebound in June Core domestic private machinery orders rose 9.7% m/m sa in June, beating expectations (JPM: 7.0%; consensus: 7.8%). This follows a 12.4% decline in May, and the June rebound appears to be partly supported by sustained capex demand from AI-related sectors. For 2Q26, core machinery orders rose 0.9%q/q saar, representing a stabilization after two quarters of near-30% annualized growth. By contrast, this week's 2Q26 G ...