Japan's machinery orders fall 2.3% in Feb.,
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Japan's core machinery orders fell a seasonally adjusted 2.3 percent in February from the previous month,
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According to the government data,
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On an annualized basis the cabinet office said that core machinery orders, which exclude volatile orders from utilities and shipbuilders,
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Machinery orders are a key advance indicator for corporate capital spending and the government uses the data to predict the strength of business spending in a six to nine month period head.Such business investment accounts for roughly 15 percent of Japan's gross domestic product.Analysts however expect a sharp fall in orders in the coming months due to last month's devastating earthquake and tsunami disrupting supply chains and severely hampering production.
IMF says ready for technical assessment for Portugal
Following a request by the Portuguese authorities, the International Monetary Fund (IMF) experts will join the European Commission and European Central Bank teams for a technical assessment of the current situation of the Portuguese economy on April 12, Caroline Atkinson, Director of External Relations at the IMF,
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"This will serve as basis for the policy discussions that will start the following Monday,
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