Japan Core Machinery Orders Up 2.7% in December
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2022/08/naikakufu.jpg)
The Cabinet Office is seen in the Kasumigaseki area of Chiyoda Ward, Tokyo.
16:16 JST, February 19, 2024
TOKYO (Jiji Press) — Japan’s seasonally adjusted core machinery orders in December 2023 rose 2.7% from the previous month, up for the first time in two months, driven by brisk demand from manufacturers including chemical makers, the Cabinet Office said Monday.
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, totaled ¥838.8 billion.
The government agency kept its basic assessment intact, saying that machinery orders are at a standstill.
Orders from manufacturers grew 10.1% to ¥415.5 billion.
Demand was robust also from information and communication electronics manufacturers, with orders for power generators and computers growing.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING