• Kyodo News

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Core private-sector machinery orders posted the largest monthly decline on record in November, falling a seasonally adjusted 16.2 percent from October, as rapidly worsening global economic conditions dampened corporate appetite for investment, the government said Thursday.

The core orders, a key indicator of corporate capital spending about six months ahead, came to ¥754.2 billion. The 16.2 percent fall was the fastest pace of decline since comparable data became available in April 1987, the Cabinet Office said.

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