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Japan Core Machinery Orders Up 7.7 Pct in Feb.

Japan Core Machinery Orders Up 7.7 Pct in Feb.

   Tokyo, April 15 (Jiji Press)--Japan's seasonally adjusted core machinery orders in February rose 7.7 pct from the previous month, the first increase in two months, the Cabinet Office said Monday.
   Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator for corporate capital spending, totaled 886.8 billion yen. The monthly increase was the biggest since January 2023.
   The government agency, however, kept its basic assessment intact, saying that machinery orders are at a standstill.
   "We want to see further developments since a big rise is sometimes followed by a drop the next month," an official said.
   Machinery orders from manufacturers gained 9.4 pct to 396.3 billion yen, led by orders from makers of electronic devices such as calculators. Automakers and auto part makers also placed brisk orders.

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AFP-JIJI PRESS NEWS JOURNAL


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