Japan's core machinery orders fell by 5% in the fourth quarter of last year

Xinhua Tokyo on February 17 (reporter chun-yan liu clock), the cabinet office statistics, according to a report released by the 16th the new epidemic and overseas factors such as the economic slowdown, in the fourth quarter of last year, is seen as a leading indicator of Japanese folk investment in equipment core machinery orders fell 5%, fell for two consecutive quarters.

Data shows, in the fourth quarter, excluding shipping and electricity core machinery orders rose to a seasonally adjusted to 2.61 trillion yen ($1, 134 yen). Among them, the manufacturing orders fell 14% to 1.21 trillion yen, the manufacturing orders rose 4.7% to 1.41 trillion yen.

Last year, Japan core machinery orders fell three quarter. The cabinet office, the report says, is expected to rebound in the first quarter of 2023 the data.