• Bloomberg


Machinery orders, a key indicator of corporate spending plans, rose at triple the pace economists predicted for May, reinforcing expectations the Bank of Japan will raise interest rates as soon as next month.

Orders climbed a seasonally adjusted 5.9 percent in May from the previous month, the Cabinet Office said Monday, the second straight monthly gain. The median estimate of 32 economists surveyed by Bloomberg News was for 1.9 percent.

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