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MNI 5 THINGS: Japan Jan Machine Orders -5.4% m/m, 3rd decline

MNI (London)
     TOKYO (MNI) - Japan's core machinery orders, excluding those for power
generation equipment and ships, slid further in January, marking the third drop
in four months, with non-manufacturing orders tumbling and manufacturing falling
at a slowing pace. 
     The following are the key points from the data released by the Cabinet
Office:
     -- Core orders fell 5.4% in January, faster than the drop posted in the
previous two months, which were less than 1.0%. The MNI survey median of 13
economist forecasts projected a 1.9% fall. 
     -- The outlook for January-March period is a 0.9% fall, following the
quarterly drop of 3.2% reported in October-December, the Cabinet Office said.
     -- Orders from the non-manufacturing sector, excluding power generation and
ships, declined 8.0%, sharply down from December's 5.6% gain while orders from
the manufacturing sector fell 1.9% in January, improving from the 4.4% drop in
December.
     -- The three-month moving average of core orders fell 1.9% in January,
following 2.3% in December and -4.5% in November.
     -- The Cabinet Office kept its outlook assessment for industry -- now
"machinery orders are marking time". 
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,MAUDR$,MAUDS$,M$A$$$,M$J$$$,M$U$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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