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Japan's machinery orders rise 6.8% in August

Japan's core machinery orders edged up 6.8% month over month in August on a seasonally adjusted basis, after climbing 11.0% in July, data from the Cabinet Office showed.

Compared with a year earlier, core orders, which exclude orders for ships and those from electric power companies, rose 12.6% in August.

The total value of machinery orders received by 280 manufacturers operating in Japan edged up 1.8% in August from the previous month on a seasonally adjusted basis.

The total amount of machinery orders for the July-September period were forecast to increase 2.8% while private sector-orders, excluding volatile ones, were projected to dip 0.3% from the previous quarter.