Japan's machinery orders declined sharply in July on weaker non-manufacturing orders, official data revealed Thursday.
Core machinery orders that exclude ships and electric power companies, decreased 4.6 percent in July from the previous month, when orders were up 3.0 percent, the Cabinet Office reported.
This was the biggest fall in three months and came in worse than forecast of 1.8 percent drop.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.