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Japan pummelled by more bad news; October machinery orders down 6.4%

Analysts see weak capital spending ahead along with stagnant personal consumption

Published Thu, Dec 11, 2014 · 09:50 PM

Tokyo

THE litany of bad news on Japan's economy continued on Thursday in the run-up to next Sunday's general election with data showing that core machinery orders have turned down quite sharply following the slump in personal consumption after an April hike in the national sales tax.

A 6.4 per cent drop in machinery orders in October compared with…

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