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Japan’s core machinery orders fell 19.5 per cent in May from the previous month for the second straight month of decline, the government said on Thursday.
The results followed a 9.1-per-cent fall in April.
Core private sector machinery orders, which exclude volatile categories such as ships and utilities, declined to ¥685.3 billion ($6.75 billion), the Cabinet Office said.
The office downgraded its basic assessment, saying machinery orders “appear to be at a standstill.” The statistic is seen as an indicator of future corporate capital spending.
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