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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (8459)	11/25/2007 6:14:37 PM
From: Rarebird	Read Replies (1) \| Respond to of 33421

TOKYO, Nov 8 (Reuters) - "Japan's core private-sector machinery orders, a key gauge of corporate capital spending, fell 7.6 percent in September from the previous month, government data showed on Thursday. That compared with economists' consensus forecast for a 1.5 percent decline, following a 7.7 percent drop in August." reuters.com Clearly, Japanese industry sees no reason to invest in new tools and other machinery while it watches the internal US economy slow down, in turn affecting Japan's own exports. Japan is the world champion in reacting faster than any other nation to changes in economic direction.