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Japan's Feb machinery orders beat expectations, wholesale prices slow

Reuters  |  TOKYO 

By Stanley WhiteTOKYO (Reuters) - Japan's core machinery orders rose unexpectedly in February for a second consecutive month thanks to increased orders from manufacturers, a positive sign of corporate investment supporting economic growth.Separate data out on Wednesday showed wholesale prices rose at a slower pace in February, painting a picture of an economy that is healthy enough to continue growing but not robust enough to generate the inflation the Bank of Japan needs to overcome the country's deflationary mindset.The 2.1 percent increase in core orders, a highly volatile data series ...

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First Published: Wed, April 11 2018. 09:09 IST