UPDATE 2-Japan machinery orders at 7-yr high; boost to capex, eco**mic outlook

[ahlam1399]

UPDATE 2-Japan machinery orders at 7-yr high; boost to capex, eco**mic outlook
* May core orders +0.6 pct m/m vs forecast -5.0 pct * Manufacturers' orders +9.9 pct; Service sector -4.0 pct * Capital spending seen on uptrend thanks to corporate profits * Greek debt crisis, China's slowdown pose some risks * Cabinet ****** keeps view that core orders are picking up (Adds analyst's quote, details and policy context) By Tetsushi Kajimoto TOKYO, July 9 (Reuters) - The value of Japan's core machinery orders rose to a 7-year high in May and were up for t
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