• Kyodo

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The nation’s core private-sector machinery orders rose a seasonally adjusted 2.9 percent in March from the previous month, the government said Monday, reflecting a moderate recovery in corporate investment, though the outlook suggests companies remain cautious about spending.

The private-sector orders in March, excluding those for ships and from utilities because of their volatility, were stronger than a seasonally adjusted and revised 1.4 percent drop in February and a 2.5 percent increase in January, the Cabinet Office said.

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