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Japan machinery orders down 6.9pc in October

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The core data, which exclude volatile demand from power companies and for ships, was worse than the market expectation of a small rise.

Economists had expected core orders would rise 0.1 percent in October in a survey by Dow Jones and the Nikkei business daily.

The drop followed an 8.2 percent fall in September.

Copyright AFP (Agence France-Presse), 2011