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Japanese machinery orders, a leading indicator of capex, drop for the first time in four months...

Japanese machinery orders, a leading indicator of capex, drop for the first time in four months in January, plunging 13.1% vs +2.8% in December and -2% consensus. On year, -9.7% vs -3.4% and -0.8%. The government had forecast that capital investment would grow slightly in January-March, but officials now concede that will be difficult. 
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