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April core machinery orders rise 10.1%

Jiji Press TOKYO (Jiji Press) — Seasonally adjusted core machinery orders in April rose 10.1 percent from the previous month, the Cabinet Office said Monday.

Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to ¥943.1 billion.

The April result, which followed a 3.9 percent decrease in March, compared with the median estimate of a 3.0 percent rise by 17 economic research institutes surveyed by Jiji Press. Their estimates ranged from a fall of 1.5 percent to a rise of 7.8 percent.Speech

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