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Japan Core Machinery Orders Down 8.5 Pct in Feb.

Japan Core Machinery Orders Down 8.5 Pct in Feb.

   Tokyo, April 14 (Jiji Press)--Japan's seasonally adjusted core machinery orders in February fell 8.5 pct from the previous month, the Cabinet Office said Wednesday.
   Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to 769.8 billion yen.
   The February result, which followed a 4.5 pct decrease in January, compared with the median estimate of a 2.5 pct rise by 19 economic research institutes surveyed by Jiji Press. Their estimates ranged from a fall of 1.9 pct to a rise of 5.1 pct.

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AFP-JIJI PRESS NEWS JOURNAL


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