Japan posts rise in machinery orders in September

10:50, November 11, 2009      

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Japan's machinery orders rose by 6 percent in September, in a further sign that the manufacturing sector is beginning to take early steps toward recovery, according to data released by the cabinet office on Wednesday.

Orders from overseas for the month shot up by 25.9 percent, while orders from the private sector grew by 10.5 percent, signaling that manufacturers are now willing to start spending money as conditions have improved in that sector of the economy.

The cabinet office also says that it expects machinery orders in the private sector for the October to December period to increase by 1 percent.

Japan saw its economy plummet in the aftermath of the credit crisis that started in the United States last summer, but has in recent months seen some positive news among businesses, however, sentiment, household earning and spending are yet to improve.

Source:Xinhua
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