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Japan's June core machinery orders unexpectedly fall

Reuters  |  TOKYO 

By Leika KiharaTOKYO (Reuters) - Japan's core machinery orders unexpectedly fell for a third consecutive month in June, underscoring companies' reluctance to boost spending and conflicting with recent signs that the economic recovery is gathering momentum.Core orders suffered a second straight quarter of declines in April-June, the first instance of consecutive quarterly falls since 2012. This casts doubt on policymakers' optimism that brightening business sentiment will drive up capital expenditure ahead.While analysts warn against reading too much into the highly volatile series, the June ...

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First Published: Thu, August 10 2017. 09:01 IST