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Japan core machinery orders up in January but underlying trend is flat

Machinery orders from manufacturers rose by a record 41.2 per cent in January, due to a surge in large orders from the steel industry for boilers and motors.


JAPAN's core machinery orders jumped in January, inflated by large orders from the steel industry, but economists say excluding this factor orders were probably flat from the previous month.

The 15.0 per cent monthly rise in core orders, a highly volatile data series regarded...

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