Japan's machinery orders rise 8.0 pct on month in July

TOKYO, Sept. 11 (Xinhua) -- Japan's core private-sector machinery orders rose 8.0 percent in July from a month earlier to 853.3 billion yen (7.91 billion U.S. dollars), the government said on Monday.

Machinery orders are a key advance indicator for corporate capital spending in Japan.

The government here uses the data to predict the strength of business spending in a six to nine month period ahead.

Such business investment accounts for around 15 percent of Japan's gross domestic product.