Japan’s Machinery Orders Rise 3.8 Percent, Up for First Time in 3 Months

Japan’s Machinery Orders Rise 3.8 Percent, Up for First Time in 3 Months
The body welding workshop uses automated welding machine robots to assemble automobile bodies at Toyota Motor's Tsutsumi plant in Toyota, Japan, on Dec. 4, 2014. Kazuhiro Nogi/AFP/Getty Images
|Updated:

Japan’s core private-sector machinery orders grew by 3.8 percent in October, marking the first increase in three months as the country’s economy continues to recover from the pandemic.

Core machinery orders, which disregard those for ships and from electric power companies due to volatility, came to 870.8 billion yen ($7.67 billion) in October, according to the Cabinet Office data released on Monday.
Aldgra Fredly
Aldgra Fredly
Author
Aldgra Fredly is a freelance writer covering U.S. and Asia Pacific news for The Epoch Times.
Related Topics