• Kyodo

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Japan’s core private-sector machinery orders fell 2.4% in August from the previous month, as a decline in demand from manufacturers outweighed an increase from nonmanufacturers, official data showed Wednesday, leading the government to downgrade its assessment for the economic indicator.

The orders, which exclude those for ships and from utilities because of their volatility, totaled ¥839.3 billion ($7.4 billion) following a 0.9% rise in July, according to the Cabinet Office.

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