Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Japan Core Machinery Orders Fall Most Since ’98 in Abe Challenge

Feb. 12 (Bloomberg) -- Japan’s core machine orders fell in December the most since 1998, signaling business investment growth could slow in coming months and weigh on a recovery in the world’s third-biggest economy.

Core orders fell 15.7 percent from the previous month, the Cabinet Office said in Tokyo today, compared with the median estimate of a 4 percent decline in a Bloomberg survey of 31 economists. The fall partly reflected a pullback from a gain in November, when there was a big order that exceeded 10 billion yen ($97.6 million), according to the Cabinet Office.

With a sales-tax increase in April forecast to trigger an economic contraction in the second quarter, weakness in private capital expenditure would add to headwinds for Prime Minister Shinzo Abe as he tries to drive a sustained recovery from 15 years of deflation. While machine orders are a volatile indicator, swinging between gains and declines, the drop was steeper than all forecasts in the Bloomberg survey.

“Today’s data on machinery cast some doubts on whether the fledgling recovery in business investment will continue,” said Marcel Thieliant, an economist at Capital Economics in Singapore.

To contact the reporter on this story: Chikako Mogi in Tokyo at

To contact the editor responsible for this story: Paul Panckhurst at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.