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Japanese machinery orders +2.6% M/M in October after two consecutive months of decline but miss...

Japanese machinery orders +2.6% M/M in October after two consecutive months of decline but miss consensus of 3%. Still, the rise, along with increasing production, indicate that Japan could be laying the basis for a rebound from its recession. "Companies are still cautious but a weaker yen and signs of recovery in the global economy are providing some relief,” says economist Akiyoshi Takumori.
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