Machinery orders increase higher than expected

January 15, 2007
By Ken Worsley

The English media doesn’t seem to have it translated yet:

November Machinery Orders Rise 3.8%, Second Straight Month of Increase

The Cabinet Office said today that non-government new machinery orders, excluding the shipping and utilities sectors, rose 3.8 percent in November to 1.06 trillion yen ($8.8 billion) from October. That result produced the first back-to-back monthly gains since 2005.

This sounds like it will further fuel the speculation over a possible hike in interest rates…

Update: Bloomberg has something out on it in English now: Japan’s Machinery Orders Increase More Than Forecast

Filed Under Business, Economics