Tuesday, 13 August 2013

Japanese machinery orders fall

There has been yet another negative economic report for Japan.

The Cabinet Office reported on Tuesday that core machinery orders fell 2.7 percent in June.

The fall in orders, however, was less than that estimated by economists and followed a 10.5 percent jump in May.

Of concern, though, is that companies are forecasting core orders in the July-September quarter to fall 5.3 percent from the previous quarter.

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