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Japan machinery orders seen as bullish after May's smaller than expected fall

Reuters  |  TOKYO 

By Tetsushi KajimotoTOKYO (Reuters) - Japan's core machinery orders fell in May, pulling back from the previous month's big gain, although the decline was softer than expected, easing some concerns about a slowdown in capital expenditure amid a worsening U.S.-China trade conflict.Capital expenditure is a bright spot in Japan's economy, which suffered a first-quarter contraction after its longest growth run since the bubble economy of the 1980s.Economists are watching capital spending closely for clues on the strength of an expected economic rebound in the second quarter.Cabinet Office data ...

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First Published: Wed, July 11 2018. 06:56 IST