• Kyodo

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The nation’s core private-sector machinery orders fell a seasonally adjusted 9.2 percent in February on a plunge for manufacturers, a reversal from the previous month that saw large orders from the steel industry, the government said Monday.

The orders, widely regarded as a leading indicator of future capital spending, totaled ¥848.7 billion ($7.9 billion), excluding those for ships and from utilities due to their volatility.

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