Japan's housing starts index accelerated by 6.4% during the month of May, compared with a prior incline of 0.3% in April, while the actual reading came higher that analysts' expectations that forecasted of 3.1%.

Annualized housing starts recorded 0.815 million unit during the year ended May, compared with a previous 0.798 million unit a year earlier, while the anticipations estimated of 0.790 unit. Moreover, annualized construction orders in Japan came out at 25.5%, from 31.4% a year earlier.