Japanese machinery orders have grown at faaster rate

A leading indicator of capital expenditure, have grown at the fastest rate since 1996, surging 19.1% on month in March after slumping 4.6% in February and slaying expectations for a rise of 6%. Companies also expect bookings to grow 0.4% on quarter in Q2. Business investment had long been a weak link in Japan, but "the recovery...remains on track," as explained by economists.The rebound is seen continuing despite an expected fall in demand because of the hike in sales tax last month.