Japan's core machinery orders rose for the third straight month in May, a welcome sign for an economy struggling to overcome the hit from the coronavirus pandemic.
The government imposed a new state of emergency in Tokyo that will run through to Aug. 22 in an attempt to control the health crisis, clouding the outlook for the economy even as activity in many other countries rebounds.
The jump in core orders indicates a modest revival in corporate spending, seen by policymakers as necessary to accelerate Japan's tepid recovery.
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