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Japan Q3 capex rises 2.9%, pointing to resilient domestic demand
Japanese corporate spending on factories and equipment rose 2.9 per cent in July-September versus the same period a year prior, Ministry of Finance data showed on Monday, signalling the world's fourth-largest economy was weathering the impact of U.S. tariffs. The data, which will be used to calculate revised third-quarter gross domestic product figures due on December 8, is likely to support the case for an interest in the central bank's policy interest rate. Preliminary data last month showed the economy shrank an annualised 1.8 per cent in July-September, as a drop in exports in the face of U.S. tariffs resulted in ... (full story)