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Japanese machinery orders, an indicator of capital spending, +3.9% M/M in November vs consensus...

Japanese machinery orders, an indicator of capital spending, +3.9% M/M in November vs consensus of +0.3%, indicating that companies are bullish about the economic outlook. The strong data sparks hopes that the recession may be short. "The rapid depreciation of the yen may make companies more inclined to invest in the coming months," says economist Hideo Kumano.
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