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Japan's Core Machinery Orders Fall 12.4% in May, Exceed Expected Decline

2026-07-15 02:23:06

According to Japan's Cabinet Office, core machinery orders fell 12.4% month-over-month in May (seasonally adjusted), exceeding market expectations of a 4.2% decline. The significant contraction reversed April's 8.7% gain and signals weakness in capital investment sentiment, as machinery orders serve as a leading indicator of corporate equipment spending.

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