10 December 2001, 11:37 Japan Machine Orders Fall Again In October
Japan's October core private machinery orders reportedly fell a sharp 10.1% on month, translating to a 26.6% fall on year. The result is much weaker than
market expectation, as most economists expected a moderate rebound from
September's already sharp 13.2% on month contraction. Economists
suggest order cancellations after the September 11 attacks in the US
reflected through to weak machinery orders in October.
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