Japan's core private-sector machinery orders, a leading indicator of corporate capital spending, fell 3.7 percent in January from the previous month, official data showed Wednesday.
The drop reversed a robust 20.1 percent rise in December, which followed an 11.3 percent fall in November.
The core orders from manufacturing companies rose 3.3 percent month-on-month in January while those from non-manufacturers dropped 12.9 percent, the Cabinet Office said.
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| An Hitachi worker at assembles parts on an air-conditioning production line in the town of Ohira in Tochigi prefecture. Japan's core private-sector machinery orders, a leading indicator of corporate capital spending, fell 3.7 percent in January from the previous month, official data has shown.
(AFP/File/Toshifumi Kitamura) |
http://news.yahoo.com/s/afp/20100310/bs_afp/japaneconomyindustry_20100310020524
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