Japan May Core Machinery Orders +10.4%

7:52 PM ET Tue, 8 July 2008

Japan's May core machinery orders rose a stronger-than-expected 10.4%, implying that capex is holding up. Naomi Fink, Japan strategist at Bank of Tokyo Mitsubishi gives her instant analysis, with CNBC's Adam Bakhtiar, Amanda Drury & Sri Jegarajah.