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PACIFIC WATCH

Japan

March 14, 1994|From Times Staff and Wire Reports

Machine Tool Orders Off Sharply: Orders tumbled 11.6% in January from a year ago and fell 5.2% from the previous month to $361.68 million, the Japan Machine Tool Builders Assn said. Orders to machine tool builders are considered a leading economic indicator because machine tools are used to make equipment for manufacturers.

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