JN Capital Spending q/y

Japanese companies increased investment in fixed assets in the three months through September, pointing to stronger-than-expected resilience in corporate confidence. Capital expenditure on goods excluding software gained 0.8% in the quarter from the previous period, the Finance Ministry reported Monday. The reading compared with a 0.2% drop in corporate spending reported last month in the initial reading of gross domestic product. Compared with a year ago, spending excluding software rose a more-than-forecast 9.5% while investment ...

Japanese corporate spending on plant and equipment rose 7.4 per cent year-on-year in the second quarter, Ministry of Finance data showed on Monday, keeping alive expectations of a domestic-led recovery in economic growth. The solid expenditure data, which will be used to calculate revised gross domestic product (GDP) figures due on Sep. 9, could support the case for the central bank to raise interest rates further in coming months. Preliminary data last month showed Japan's economy expanded an annualised 3.1 per cent in the second ...

Japanese companies raised spending on plant and equipment in January-March by 6.8 per cent from the same period a year earlier, Ministry of Finance data showed on Monday. The data will be used to calculate revised gross domestic product figures due on June 10. It followed a preliminary estimate that Japan's economy contracted 2.0 per cent annualised in the first quarter. Capital spending slowed sharply from the fourth quarter, when it had jumped 16.4 per cent. The solid first-quarter capex data could bolster the case for the central ...