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Japan – Core Machine Orders for August: +3.4% m/m (expected +1%)

Core Machinery Orders for August +3.4 % m/m - expected +1.0% m/m, prior +8.0% - second consecutive month higher +4.4 % y/y - expected +0.7%, prior -7.5% Data from the Cabinet Office. The government says machinery orders are showing signs of a pick-up. Raises its assessment of machinery orders.