Japan core machinery orders rise but miss forecast

LOS ANGELES (MarketWatch)
Japan's core machinery orders, closely watched as an indicator of capital spending, swung to a gain of 5.6% during June, after tumbling 14.8% in May, the Cabinet Office said Thursday
A Dow Jones Newswires survey had tipped a consensus forecast for a gain of 11%
Core machinery orders, which strip out shipbuilding and power-equipment orders, tend to be volatile For the July-September quarter, a forecast included with the data tipped a drop of 1.2%