Japan’s core machinery orders unexpectedly grew for a second straight month in November, posting the fastest gain in four months, underscoring a steady pickup in capital expenditure.Cabinet Office data out on Wednesday showed core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 5.7 percent in November from the previous month. Core orders, which exclude ships and orders from electric power utilities, handily beat a 1.4 percent drop seen in a Reuters poll of analysts, following 5.0 percent growth in October. Analysts expect capital spending to ... (full story)