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12.11.2015 12:08 Core machinery orders in Japan surges 7.5% in September

Japan's Cabinet Office released its core machinery orders data on late Wednesday evening. Core machinery orders in Japan jumped 7.5% in September, exceeding expectations for a 3.3% rise, after a 3.5% fall in August.

 

On a yearly basis, core machinery orders slid 1.7% in September, beating expectations for a 4.0% drop, after a 3.5% fall in August.

 

This data indicates that capital spending in Japan improved, and it could mean that the Bank of Japan may not expand its quantitative easing.

 

The total number of machinery orders declined 0.5% in September from a month earlier.

 

Orders from non-manufacturers jumped 14.3% in September, while orders from manufacturers slid 5.5%.



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