Japan core machinery orders down in April, raising capital spending concerns By Reuters

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core machinery orders fell in April for the first time in three months, Cabinet Office data showed on Monday, casting some doubt about the strength of capital spending, which is key to a durable economic recovery. The data followed the Bank of Japan’s (BOJ) decision last week to start trimming its huge bond purchases, with it due to announce a…