Japan's fall in machinery orders bodes ill for business
2019/12/13 | By CENSMachinery orders sank again in October in a fresh sign that business spending, previously one of the few points of strength in the world's third-largest economy, is stalling as slumping exports bruise investment appetite.
“Companies are becoming increasingly cautious in regard to investment,” said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.The impact from the sales tax hike seems to be larger than was expected.”