Monday, July 9, 2007

Machinery Orders and the Economy Watchers Index

Data coming out of Japan at the moment is really mixed at the moment. Really, as Claus Vistesen notes here, we are all busily holding our breath right now.The latest news on the machinery orders front seems, on the face of it, quite positive on the surface:Japan's machinery orders, a key indicator of corporate spending plans, rose at triple the pace economists predicted, reinforcing expectations

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