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Japan's solid machinery orders show firms ready to spend, support BOJ optimism

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Japan's economy is in good shape although inflation remains subdued because of sluggish wage growth and weak spending.

Tokyo

JAPANESE orders for machinery surged to their highest level in a decade in November, in a sign businesses may finally be responding to policymakers' efforts to get them to spend to spur economic growth.

The key measure of capital expenditure was issued just as Japan's top

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