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Japan February core machinery orders up 2.1% m-o-m
[TOKYO] Japan's core machinery orders rose 2.1 per cent in February from the previous month, government data showed on Wednesday, suggesting a pick-up in capital expenditure.
The rise in core orders, a highly volatile data series regarded as a good indicator of capital spending in the coming six to nine months, compared with the median estimate for a 2.5 per cent decline expected by economists in a Reuters poll.
Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending, rose 2.4 per cent, versus the median estimate for orders to remain unchanged.