Japan's core machinery orders likely fell for the second straight month in ...
FILE PHOTO - People work next to heavy machineries at a construction site in Tokyo, Japan, March 13, 2016. REUTERS/Yuya Shino
Robust capital expenditure and private consumption offset the pain from the global slowdown on exports, helping Japan’s economy expand an annualized 1.8% in April-June. The decline would follow a 7.8% slump in May, which was the biggest decline in eight months, and cast doubt on the government’s view that robust corporate spending will underpin Japan’s recovery.
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