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Japan's Machinery Orders Surpass Expectations
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Japan's October machinery orders unexpectedly rose by 0.7%, beating expectations, with a 0.2% increase in manufacturers and a 1.2% advancement in service-sector orders. However, on a year-on-year basis, orders slipped by 2.2% due to global economic uncertainty. Despite the increase, business sentiment among big Japanese manufacturers reached a near two-year high, driven by favorable conditions.
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How might Japan's unexpected rise in machinery orders impact global economic trends?
What are the potential implications of a near two-year high in business sentiment among big Japanese manufacturers?
What strategies could Japan employ to address the global economic uncertainty and sustain the rise in machinery orders?
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