Japan machinery orders up for 2nd month, but cautious view retained

Japan's core private-sector machinery orders rose 3.8 percent in March from the previous month, the second straight monthly rise, propelled by strong demand for construction machineries and railway cars, government data showed Wednesday.Despite the rise, the Cabinet Office maintained its assessment that orders, a leading indicator of capital expenditure, are "stalling" for a fourth consecutive month. The climb in orders followed a 1.8 percent rise in February."The figure for March was strong but when looking at the quarterly figure, it is still not at a level where we can upgrade our assess…READ FULL ARTICLE