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A significant increase in Japan's core machinery orders
Date:2016-07-27      Views:1898
Cabinet Office data on Thursday (July 11) released data show that Japan May core machinery orders rose 10.5% in April after falling 8.8%. Expected after a media survey of economists showed the median, Japan May core machinery orders rose 1.3% monthly rate material. And data showed that Japan's core machinery orders in May increased by 16.5 percent per annum, an increase is also far above the expected 2.5%. Core orders volatility is high, is regarded as a leading indicator to measure the next 6-9 months capital expenditures. Analysts noted a significant increase in Japan's core machinery orders, suggesting the economic recovery and improvement in business confidence are prompting companies to increase capital spending. (Source: FX68 exchange Po)

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