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Economy

Japan's machinery orders down 18.3% in September

TOKYO (Kyodo) -- Japan's core private-sector machinery orders fell 18.3 percent in September from the previous month, government data showed Thursday.

The orders, which exclude those for ships and from utilities because of their volatility, totaled 802.2 billion yen ($7.1 billion).

The decline in core orders, seen as a leading indicator of capital expenditure, followed a 6.8 percent rise the previous month.

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