Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Machinery orders fall in Japan

by Tony Sagami on September 12, 2008

in Asian Market

Machineryorders in Japan fell by 3.9% in August, the second monthly decline and moreevidence that the Japanese economy is stuck in the doldrums.

Japan is hurt by the global economic slowdown and higher commodity prices because theJapanese economy is based on exporting finished goods while importing raw materials.

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