Economy

xchrom

(108,903 posts)

10. Japan core machinery orders jump more than expected

Mon Mar 12, 2012, 08:13 AM

Mar 2012

http://www.bbc.co.uk/news/business-17336110

Japan's economic recovery has received a boost as core machinery orders, a key indicator of capital expenditure, rose more than expected in January.

Orders rose 3.4% from the previous month, up from a 7.1% decline in December, latest data showed.

There have been fears that some manufacturers might shift production out of Japan in the wake of weak domestic demand and a strong yen.

Last month, Japan reported a 2% jump in factory output in January.

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