Economic Buzz: Japan Core Machine Orders Jumps 10.1% On Month In April

Japan core machine orders surged a seasonally adjusted 10.1 percent on month in April, coming in at 943.1 billion yen, the Cabinet Office said on Monday, following the 3.9 percent decline in March. On a yearly basis, core machine orders jumped 9.6 percent following the 2.4 percent decline in the previous month. The total value of machinery orders received by 280 manufacturers operating in Japan increased by 12.6 percent on month and 9.7 percent on year in April at 2,508.0 billion yen.