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Japan's March core machinery orders disappoint, underscore fragile recovery

Reuters  |  TOKYO 

By Minami FunakoshiTOKYO (Reuters) - Japan's core machinery orders fell short of expectations in March from the previous month and companies forecast a decline in investment over April-June, underscoring the fragile nature of the country's export-driven economic recovery.But analysts say the data, considered as highly volatile, does not signal any major change in a moderate but broad-based uptrend in capital expenditure in a recovering economy.Core orders, regarded as a leading indicator of capital spending in the coming six to nine months, rose 1.4 percent in March from the previous month, ...

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First Published: Wed, May 17 2017. 10:25 IST