• Kyodo

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Japan’s core private-sector machinery orders rose 0.9% in July from the previous month, marking the first increase in two months, backed by strong demand in the manufacturing sector, government data showed Wednesday.

The orders, excluding those for ships and utilities due to of their volatility, totaled ¥859.7 billion ($7.8 billion), according to the Cabinet Office. Machinery orders are seen as a leading indicator of corporate capital spending.

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