The government says Japan’s machinery orders, a closely watched indicator of future business investment, rose 5.4 percent in March from the previous month.
The Cabinet Office said Monday that the March figure marked the first increase in three months. The result was better than Kyodo News agency’s average market forecast of a 5.2 percent increase.
Core machinery orders in the world’s second-biggest economy climbed in March to 732.9 billion yen ($7.9 billion), the government said. The figure excludes volatile numbers from shipbuilders and electric power companies.