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Japan's Cabinet Office released its core machinery orders data on late Tuesday evening. Core machinery orders in Japan jumped 10.7% in October, beating expectations for a 1.5% fall, after a 7.5% rise in September.
On a yearly basis, core machinery orders climbed 10.3% in October, beating expectations for a 1.4% increase, after a 1.7% drop in September.
This data indicates that capital spending in Japan improved, and it could mean that the Bank of Japan may not expand its quantitative easing.
The total number of machinery orders soared 20.9% in October from a month earlier.
Orders from non-manufacturers jumped 10.7% in October, while orders from manufacturers were up 14.5%.
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