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Overall Japan orders are up sharply in October at 18.7% and core orders are up a strong 12.7%. But over three months overall orders are a strong +29.1% while core orders are off at a 14.5% pace. Over the past
12 months core orders are up by just 3.6%. Since mid-2006 core orders, those excluding large lumpy projects, are fluctuating around zero. The foreign/domestic breakdown shows
year/year orders strength is coming from the foreign sector with growth in orders of 19.4% compared to
year/year domestic orders of just 6.6%.
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