Japan Sept machinery order expected to decline

TOKYO: Japan's core machinery orders are forecast to fall 1.4% in September after a hefty gain in August, but analysts in a Reuters poll say improving company profits and sentiment mean a recovery in capital spending is still intact.

Analysts expect core orders to mark a second quarterly increase in July-September from the previous three months, as the reflationary policies of Prime Minister Shinzo Abe have boosted demand and weakened the yen, benefitting exports.