To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
Reuters A worker checks machinery at a factory in Higashi-Osaka, Osaka Prefecture, in June 2022.
Jiji Press
10:30 JST, January 19, 2023
TOKYO (Jiji Press) — Japan’s core machinery orders fell 8.3% in November from the previous month after seasonal adjustment, as demand from manufacturers was sluggish due to concerns over a global economic slowdown, the Cabinet Office said Wednesday.
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, came to ¥838.8 billion.
The Cabinet Office lowered its basic view on machinery orders, saying that it is showing signs of a standstill.
“There is a view that overseas economies are slowing down, and the overall trend has been facing down recently,” an official at the government agency said.
Orders from manufacturers fell 9.3% to ¥386 billion, weighed on by a slump in semiconductor production equipment amid falling demand for computers and smartphones. Orders from nonferrous metal makers shrank in reaction to a large-scale order the month before.
Orders from nonmanufacturers declined 3.0% to ¥469.8 billion, due to weak demand from the information service sector.
Overall machinery orders, including those from the public sector and abroad, shrank 1.0% to ¥2.65 trillion.
