Japan Machinery Orders Rise Unexpectedly for Second Month

Japan’s machinery orders unexpectedly rose for a second straight month in February.

Bookings, an indicator of capital spending, increased 4.8 percent from the previous month, the Cabinet Office said in Tokyo today. The median estimate of 28 economists surveyed by Bloomberg News was for a 0.8 percent decline.

To contact the reporter on this story: Keiko Ujikane in Tokyo at kujikane@bloomberg.net

To contact the editor responsible for this story: Lily Nonomiya at lnonomiya@bloomberg.net

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