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<Econ> Japan Apr Machine Tool Orders Surge 45.1% YoY, Far Exceed Expectations
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The Japan Machine Tool Builders' Association (JMTBA) announced that Japan's machine tool orders for April fell 2.3% MoM but surged 45.1% YoY, far exceeding market expectations of a 28.1% increase. Cumulatively, total orders for the first four months rose 30.9% YoY.
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