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Japan July Core Machinery Orders Up 0.9 Pct

Japan July Core Machinery Orders Up 0.9 Pct

   Tokyo, Sept. 15 (Jiji Press)--Japan's seasonally adjusted core machinery orders in July rose 0.9 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 859.7 billion yen.
   The July result, which followed a 1.5 pct decrease in June, was weaker than the median estimate of a 3.1 pct rise by the 18 economic research institutes surveyed by Jiji Press. Their estimates ranged from a fall of 1.3 pct to a rise of 5.4 pct.

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AFP-JIJI PRESS NEWS JOURNAL


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