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.
Yomiuri Shimbun file photo The Cabinet Office building in Chiyoda Ward, Tokyo
Jiji Press
16:37 JST, January 18, 2024
TOKYO (Jiji Press) — Japan’s seasonally adjusted core machinery orders fell 4.9% in November from the previous month, the first decrease in three months, the Cabinet Office said Thursday.
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, totaled ¥816.7 billion.
The government agency kept its basic assessment unchanged, saying that machinery orders are at a standstill.
Orders from manufacturers decreased 7.8% to ¥377.4 billion after rising in October on large orders of boilers and other related equipment. Demand for transportation machinery such as cranes was weak.
Orders from nonmanufacturers were down 0.4% at ¥448.2 billion, chiefly due to sluggish computer demand among financial companies.
Overall machinery orders, including those from the public sector and abroad, rose 2.0% to ¥2,706.9 billion.
