Japan's Nov. machinery orders rise 1.5% on month

Japan’s core private-sector machinery orders rose 1.5 percent in November from the previous month for the second straight month of increase, government data showed Thursday. The orders, which exclude those for ships and from electricity utilities due to their volatility, totaled 854.8 billion yen ($8.2 billion), according to the Cabinet Office. Machinery orders are seen as a leading indicator of capital spending. The increase in the reporting month followed a 17.1 percent rise in October.

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HEDGE accordingly