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"Until I see a sustained rise in [core machinery] orders for the next few months, I'm not ready to say I'm optimistic"
- Mari Iwashita, chief market economist at SMBC Nikko Securities Inc.
Japan's machinery orders jumped in November, signalling that companies are ready to invest even as the global economy slows. Bookings rose 14.8 per cent from October, said the Cabinet Office on Monday.
"Strong November data comes as a relief, bolstering confidence in the expansionary capex trend," said Takuji Okubo, chief Japan economist at Societe Generale SA in Tokyo.
"Until I see a sustained rise in orders for the next few months, I'm not ready to say I'm optimistic," said Mari Iwashita, chief market economist at SMBC Nikko Securities Inc. in Tokyo.