Japan's core machinery orders fall in July (AP)

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spending in Japan fell for the second consecutive month in July, suggesting that manufacturers are bracing for slower demand in the months ahead.

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electric power companies and those for ships, fell 3.9 percent to 1.04 trillion yen ($9.67 billion) in July from the previous month. Led by declines in demand from chemical and oil-product makers, the figure follows a 2.6 percent decline in June and a 10.4 percent jump in May.

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