Monday, September 11, 2006

Japan Machinery Orders Slump

Wow, get this from Bloomberg today:Japan's Machinery Orders Drop Most in Almost 20 Years Japan's machine orders fell the most in almost 20 years, dashing expectations that the central bank will raise interest rates before the end of the year.Non-government orders excluding shipping and utilities dropped a seasonally adjusted 16.7 percent in July from a month earlier, the largest slide since

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