Machinery orders in Japan rose 2.8% in April compared to the previous month, when orders were reduced by 3.9%, a survey conducted by Reuters reported. In annual terms, machinery orders increased by 3.9% after a decrease of 2.4% in March. Economist at Mizuho Research Institute, Hirotaka Yadzawa, said: “The willingness of corporations to invest in order to cope with the shortage of labor and to modernize aging facilities is solid, and we expect that the basic orders for machinery will increase under the direction of the manufacturing sector.” According to the analysts, the Japanese economy in this quarter will return to a moderate growth trend after the first 9-month decline in the previous quarter.
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