Machinery orders rise in November

Japan's machinery orders rose in November 2020 for the second month in a row.

The Cabinet Office said on Thursday that the main indicator of future capital spending stood at about 8.23 billion dollars. That's up 1.5 percent in yen terms from the previous month.

The figure excludes ship-building and electric power, due to large fluctuations in their orders.

Electrical-machinery manufacturers placed more orders for machines that make semiconductors. Telecom companies raised their orders for communications equipment for superfast 5G networks.

The office upgraded its overall assessment, saying that the machinery orders are showing signs of recovery.

But it says any impact of a resurgence in coronavirus infections in Japan needs to be closely watched.