Japan's Machinery Orders Plunge In February, After Sturdy Gains In January

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  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Machinery orders plunged in Japan in February, offsetting most of January's unprecedented gains, in further signs the world's third biggest economy may need more stimulus. Japan's machinery orders excluding ships and utility items, tumbled a seasonally-adjusted 9.2% month-on-month in February, according to the Cabinet Office, after surging 15% in January.[​IMG]

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