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Japan core machinery orders fall more than forecast in sign of economic fragility

June 12, 2017 By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core machinery orders fell more than expected in April, casting doubt on the strength of companies’ capital spending and adding to concerns about the country’s fragile economic recovery. The 3.1 percent fall in the core orders from a month earlier was much bigger than the 1.3 percent decline expected by economists in a Reuters poll, potentially dragging on economic growth in the current quarter. It also marked the first drop in three months, following a 1.4 percent increase in March,…

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Japan March core machinery orders disappoint, outlook gloomy

May 17, 2017 By Minami Funakoshi TOKYO (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, casting doubt on whether recent signs of economic recovery will be sustainable. Core orders, a highly volatile data series 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, Cabinet Office data showed on Wednesday. This undershot the median estimate of a 2.1 percent…

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