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Japan core machinery orders rebound, easing capex concerns

Reuters  |  TOKYO 

By Stanley WhiteTOKYO (Reuters) - Japan's core machinery orders rebounded in January from a steep decline the previous month, handily beating expectations in a sign that capital spending will continue contributing to economic growth.The 8.2 percent rise in core orders, a highly volatile data series regarded as an indicator of capital spending in six to nine months, was more than the 5.6 percent increase expected by economists. In December core orders tumbled a revised 9.3 percent, the fastest fall in more than three years. The Cabinet Office said in a statement on Wednesday that core ...

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First Published: Wed, March 14 2018. 11:25 IST
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