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Japan core machinery orders rebound in July, may signal capex recovery

Reuters  |  TOKYO 

By Tetsushi KajimotoTOKYO (Reuters) - Japan's core machinery orders rose in July at the fastest pace since January 2016, rebounding from a third straight month of falls and an encouraging sign of the increased capital investment needed for sustained economic recovery.The 8.0 percent rise in core orders, which exclude ships and orders from electric power utilities, virtually doubled the 4.4 percent increase expected by economists in a Reuters poll. It followed a 1.9 percent decline in June.Orders from manufacturers rose 2.9 percent in July, driven by railway cars, while service-sector orders ...

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First Published: Mon, September 11 2017. 09:42 IST