World Economy

Japan’s Jan. Orders Rise

Japan’s Jan. Orders RiseJapan’s Jan. Orders Rise

Machinery orders, Japan’s leading indicator of capital spending, are expected to have risen modestly in January for a second straight month, a Reuters poll showed, but deepening concerns over economic prospects have cast doubt on a sustained recovery. Exports were expected to fall for a fifth straight month in February as emerging economies such as China remained weak, while imports likely dropped for a 14 consecutive month. The poll of 19 economists found that core machinery orders, a volatile data series regarded as a useful leading indicator of capital spending in the coming six to nine months, were expected to rise 3% in January from December.