Japan Machinery Orders Slide 3.3% as Economy Risks Shrinking - Bloomberg

Japan Machinery Orders Slide 3.3% as Economy Risks Shrinking - Bloomberg

Today’s data follow government reports last month showing declines in industrial output and exports, underscoring the risk of a contraction in gross domestic product. In an interview in Tokyo, Japanese Prime Minister Yoshihiko Noda yesterday called for talks to contain economic damage from a dispute with China over East China Sea islands.
“There’s a growing number of people who are pessimistic about the economic outlook,” Jun Kawakami, an economist at Mizuho Securities Co. in Tokyo, said before the report. “It’s really hard to see any signs that companies will increase capital spending.”

 So one would expect that should help increase employment, naturally.( Snark )