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Date: 2013-08-01

Japan Machinery Orders Fall 16%

Japan Machinery Orders Fall 16%

Japan's machinery order values sharply plummeted by 16% in July from the previous month on a seasonally adjusted basis, the largest drop since the data was first compiled in April 1987.

Private-sector machinery orders, excluding volatile ones, fell by a seasonally adjusted 16.7% in the month as companies scaled back investment plans amid concern that economic growth may slow.


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