Japanese Machinery Orders Signal Investment to Aid Rebound
This article is for subscribers only.
Japan’s machinery orders rebounded in January, signaling that company investment will help to drive a return to growth in the world’s third-biggest economy.
Bookings, an indicator of future capital spending, rose 3.4 percent from a month earlier, the Cabinet Office said in Tokyo today. The median estimate of 30 economists surveyed by Bloomberg News was for a 2.3 percent increase. In December, orders fell 7.1 percent.