Orders for Core Machinery in Japan Fall 4.5%

Orders for core machinery in Japan fell 4.5% in October from the previous month, as non-manufacturers scaled back spending, reveals the Wall Street Journal, citing the Cabinet Office.

 

Quoting analylsts, the newspaper says that the fall in this leading indicator of corporate capital investment is caused by entrenched deflation, which continued to eat into firms' bottom lines by pushing up real borrowing costs and eroding pricing power.

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