Japan Machine Tool Orders (YoY) down to -25.8% in December from previous -17.9%

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China: Capital flows could be another reason behind better trade data – Nomura

Research Team at Nomura, suggests that there is more behind the improvement in the Chinese headline trade data.
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BoE: The long, slow wait for inflation - Rabobank

Jane Foley, Senior FX Strategist at Rabobank, suggests that the Federal Reserve may have kicked off its rate tightening cycle with a move last month but there is little sign that the Bank of England is in any rush to follow.
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