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Japan Core Machine Orders Jump 8.2% In January

The value of core machine orders in Japan surged a seasonally adjusted 8.2 percent on month in January, the Cabinet Office said on Thursday - coming in at 872.3 billion yen.

The headline figure topped expectations for an increase of 5.2 percent following the upwardly revised 9.3 percent contraction in December (originally -11.9 percent).

On a yearly basis, core machine orders gained 2.9 percent - again exceeding expectations for a fall of 0.7 percent following the 5.0 percent fall in the previous month.

The total value of machine orders, which includes volatile ones for ships and electric power companies, climbed a seasonally adjusted 4.5 percent on month and 10.7 percent on year in January.

by RTT Staff Writer

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