tuesdays tape , page-82

two bits of news - one out of japan and one china

Japan's core private-sector machinery orders jumped in July, but not enough to ease investors' concerns that the turmoil in global markets may yet unsettle the Japanese economy.

Core machinery orders, a highly volatile figure regarded as a leading gauge of capital spending, rose 17.0% in July from June, government data showed. That was far above economists' median forecast for a 5.3% increase.
http://www.cnbc.com/id/20713577



China's consumer price inflation jumped to 6.5% in August, the highest level since December 1996, as a shortage of pork contributed to a surge in food prices.

China's ruling Communist Party, aware that inflation in the past has touched off unrest in China, has voiced increasing concern about the speed of price rises and has introduced a raft of incentives to increase the supply of pigs and pork.

The inflation rate, up from 5.6% in July, easily surpassed economists' forecasts of 5.9% and cemented expectations that the central bank will keep tightening monetary policy.

http://www.cnbc.com/id/20714457