Strong Japan Aug machinery orders, but wages sluggish


TOKYO: Japan took another step forward to cementing a durable economic recovery, as core machinery orders rose in August to their highest level since the global financial crisis, a welcome sign for achieving sustainable growth.

The 5.4% month-on-month rise in core orders, which exclude those for ships and electric power utilities, was the first rise in three months, data from the Cabinet Office showed on Thursday.

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Japan , machinery order , growth , wages , Abenomics

   

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