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More on Japanese machinery orders: The government blames the sharp drop on big-ticket items such...
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Monday, March 11, 2:56 AM ETMore on Japanese machinery orders: The government blames the sharp drop on big-ticket items such as turbines and boilers, and forecasts a rise of 0.8% in Q1 vs +2% in Q4. Economist Takeshi Minami says that while the fall was greater than expected, it's just temporary. "The yen's weakness helps expectations for exports to pick up and business sentiment has also been improving," Minami says.
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