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MNI BRIEF: Japan Nov Machine Orders Rise; Govt Ups View

(MNI) Tokyo

Japan's core machinery orders, which exclude volatile orders for power generation equipment and ships, rose 3.4% m/m in November, for the second straight m/m gain, data released by the Cabinet Office on Monday showed.

The Cabinet Office upgraded its assessment from the previous month, saying that machinery orders showed signs of recovering. The previous view was that machinery orders were marking time.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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