TOKYO--Japanese core machinery orders fell back in November, the government said Monday, as firms waited to see how U.S. economic policy would shape up following the election victory of Donald Trump. Core machinery orders, a leading indicator of business investment, slid 5.1% from the previous month, after increasing 4.1% in October. The result compares with a drop of 2.0% expected by economists surveyed by the Nikkei. On an year-on-year basis, core orders rose 10.4%. The Cabinet Office left its assessment of machinery orders unchanged, saying a recovery in orders was on hold for the time being.

Source: Wall Street Journal January 16, 2017 06:11 UTC