Japanese machinery orders fell in February after accelerating at the fastest pace in seven years January. Equipment orders, which give an indication of capital spending levels over the next three to six months, declined 12.7 percent from January, when they climbed 19.6 percent, the Cabinet Office said today in Tokyo.
Perhaps it is just worth
taking a look at the cabinet office charts on the evolution of orders at this point, since while the rate of increase fell back in February orders were running at a truly high level in January, so as compared with November and December of 2007 the situation is not really all that bad.
