TOKYO Jan 16 Japan's core machinery orders rose
a bigger-than-expected 9.3 percent in November, government data
showed on Thursday, marking the second straight month of gains
in a sign companies may ramp up investment to meet strong
The month-on-month increase in core orders, which exclude
those of ships and electric power utilities, exceeded a median
market forecast for a 1.2 percent rise. It followed a 0.6
percent increase in October.
Compared with a year earlier, core orders, a highly volatile
data series regarded as an indicator of capital spending in the
coming six to nine months, increased 16.6 percent in November.
The government raised its assessment on machinery orders,
saying they are increasing as a trend.
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