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Japanese machinery orders, a closely watched indicator of corporate spending, plunged in November, as businesses slashed investment to ride out the current economic downturn.
A key barometer of corporate capital spending in Japan fell sharply in October, the government said Wednesday, in another grim sign that business investment is tumbling amid a deepening global slowdown.
Japan's core machinery orders — a key measurement of capital investment — dropped a record-tying 10.4 percent in the July-September quarter in the latest sign of a slowdown in Japan and the world, the Cabinet Office said Monday.
A key barometer of corporate capital spending in Japan plunged in August to its lowest level in more than five years, the government said Thursday, indicating that business investment is retreating sharply amid fears of a broader global slowdown.
A key barometer of corporate capital spending in Japan fell for the second straight month in July, indicating that business investment is retreating amid higher costs and a global slowdown.
A key barometer of corporate capital spending fell for the first time in three months in June but was better than expected, suggesting that Japanese business have yet to feel the full pinch of a sputtering global economy.
Japanese machinery orders — a key barometer of capital spending — rebounded in April after falling for two straight months, but the boost did little to alleviate concerns over the outlook for the world's second-largest economy.
Japanese core machinery orders — a key indicator of capital spending — posted their biggest gain in seven years in January, but analysts were wary about their outlook because the gain was due to one-off factors.
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