Japan’s Core Machinery Orders Fall 1.1% in July
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2023/09/cabinet-office-1200.jpg)
The Cabinet Office building in Chiyoda Ward, Tokyo
12:12 JST, September 14, 2023
Tokyo (Jiji Press)—Japan’s core machinery orders fell 1.1 % in July from the previous month after seasonal adjustment following a 2.7 % rise in June, the Cabinet Office said Thursday.
Private-sector orders excluding those for ships and from power suppliers, closely watched as a leading indicator of corporate capital spending, totaled ¥844.9 billion in July.
The Cabinet Office kept its view on machinery orders unchanged, saying they are showing signs of stalling.
Orders from manufacturers dropped 5.3 % to ¥406.7 billion and those from nonmanufacturers rose 1.3 % to ¥437.6 billion.
Overall machinery orders, including those from the public sector and abroad, climbed 9.8 % to ¥2,901.4 billion.
"Business" POPULAR ARTICLE
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japanese Firm Hitachi to Release Vacuum Using AR That Turns Cleaning Into a Game; Stressful Cleaning May Become More Enjoyable
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING