Japan Machinery Orders Rise More Than Expected, Government Welcomes Pick-Up Signs

Japan Machinery Orders Rise More Than Expected, Government Welcomes Pick-Up Signs
A worker is seen in front of facilities and chimneys of factories at the Keihin Industrial Zone in Kawasaki, Japan, on Sept. 12, 2018. Kim Kyung-Hoon/Reuters
Reuters
Updated:

TOKYO—Japan’s core machinery orders rose for a second straight month in November, government data showed on Monday, a sign that corporate appetite for capital spending remained resilient despite pressure from soaring raw material prices.

The gain in core orders, a key indicator of capital expenditure, could be a relief to policymakers hoping for corporate investment to trigger a private demand-led recovery in the world’s third-largest economy.