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Japan June core machinery orders fall 7.9 percent month on month: government
August 13, 2015 / 12:00 AM / 2 years ago

Japan June core machinery orders fall 7.9 percent month on month: government

TOKYO (Reuters) - Japan’s core machinery orders fell 7.9 percent in June, down for the first time in four months, Cabinet Office data showed on Thursday.

A worker stands in the shell of a building at a construction site in Tokyo June 10, 2015. REUTERS/Thomas Peter

Companies surveyed by the Cabinet Office have forecast that core orders will rise 0.3 percent in July-September from the previous quarter. Orders rose 2.9 percent in April-June, marking the fourth straight quarterly gain.

Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 16.6 percent in June.

Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher

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