(For more stories on the Japanese economy, click [ID:nECONJP])

* Machinery orders fall to record low value

* Orders by manufacturers show signs of bottoming out

* Services sector orders falling * Stocks slide, JGB futures jump on weak capex outlook

* Data suggest BOJ could extend support for corporate finance

By Stanley White

TOKYO, July 8 (Reuters) - Japan's core private-sector machinery orders unexpectedly fell in May to a record low value, pointing to a bleak outlook for capital spending and backing expectations the central bank will extend measures to support corporate finance.

Bank lending slowed from a record pace in June, separate data showed, reflecting an improvement in credit conditions but also less demand from companies to borrow for investment in capital goods, analysts said.

Corporate bankruptcies rose 7.4 percent in June from a year earlier and leapt more than 18 percent from May. [ID:nTKC003400]