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Japan's core private-sector machinery orders, excluding volatile ones for
ships and those for electric power companies, rose a seasonally adjusted 5.4
percent in March from a month earlier, according to the Cabinet Office on
Monday.
Private-sector orders, including those from both manufacturing and
non-manufacturing firms, but excluding volatile ones for ships and those from
electric power companies, stood at 732.9 billion yen (7.92 billion U.S. dollars)
in March, snapping a two month decline, the government report said.
The total value of machinery orders received by 280 manufacturers operating
in Japan increased by 3.6 percent in March from the previous month on a
seasonally adjusted basis, standing at 1,997.8 billion yen (21.61 billion U.S.
dollars), it said.
In the April-June period, the Cabinet Office forecast the total amount of
machinery orders to decrease by 4.7 percent and private- sector orders,
excluding volatile ones, to increase by 1.6 percent from the previous quarter
respectively.
In 2009 Fisical Year, the total amount of machinery orders fell by 18.8
percent and private-sector orders, excluding volatile ones, also decreased by
20.6 percent, said the report.
Core machinery orders including engines and turbines, heavy electrical
machinery, electronic and communications equipment, industrial machinery and
suchlike are considered a key indicator of capital spending in Japan.
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