Japan in the month of June had recovered its orders of machinery but the growth was not up to the mark. It was way lower than expected.

It indicated that the Yen is growing stronger, exports are getting less and the global economic recovery is staggering. For all these Japanese companies are cautious regarding expansion of them.

Japans Finance Minister Mr. Yoshihiko Noda once again said on Wednesday that the Japanese government is concerned about the Yen.

He state that Japan’s Currency is showing an upward trend which is one sided .He never came up with anything like curbing the currency’s strength by intervening in the Japanese market in the recent future.

According to data released by the Cabinet Office on Wednesday, Japan saw a rise of one decimal six percent in its core machinery orders from private sector companies in the month of June. Volatile orders for ships and orders from electronic power companies are excluded from the orders. In May the orders went down by nine decimal one percent.

The June figures are below the expected projection of analysts of five decimal five percent. The slower recovery of core orders is not at all good for the country’s economy as they are the measure yard of future business investment and accounts for fifteen percent of the country’s yearly economic output.

Hiroshi Shiraishi, an economist at BNP Paribas in Tokyo said that reading for the month of June was very weak if widespread expectations that orders would probably be more in the month are considered because it had been seen before that after a bleak phase they jump up.

Very few analysts think that Japan can go into an economic recession in recent future. But latest data points out that with overseas demand getting lesser exports of the country is getting lesser and economic recovery is getting slower in the process. As the country is suffering from weak and dull consumption, exports can only help in its growth.