Source: Xinhua News Agency
Xinhua News Agency, Tokyo, January 19th (Reporter: Li Shimeng, Liu Chunyan) The Japanese Cabinet Office announced on the 19th that the core machinery orders, a leading indicator of Japan's private equipment investment, fell significantly in November 2025, recording the largest decline since April 2020.
Data shows that in November 2025, the core machinery orders excluding ships and electricity amounted to 883.9 billion yen (1 US dollar is approximately 158 yen) after seasonal adjustment, a 11% decrease compared to the previous month. Both manufacturing and non-manufacturing orders declined. Among them, manufacturing orders dropped by 10.8% to 398.2 billion yen, while non-manufacturing orders (excluding ships and electricity) fell by 10.7% to 492.9 billion yen.
Suzuki Kouta, an economist at Daiwa Securities, pointed out that the sharp decline in manufacturing orders highlights the growing uncertainty in the external environment, which is making Japanese companies more cautious about their capital expenditure decisions.
Original article: toutiao.com/article/7597001567606194714/
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