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Wednesday, November 13, 2013

Japan September core machinery orders underwhelm.

Japan September core machinery orders fell 2.1%, more than the 1.4% economists were expecting (orders rose 5.4% in August). Additionally, a survey showed companies believe orders will fall during the October-December period, snapping two quarters of gains. The weakness in the September print suggests capex is still a concern in Japan despite efforts to revive business investment.

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