Indicators
Japan’s Firms Lift Outlays in Sign of Modest Domestic Demand
- Corporate profit growth beats consensus while sales miss
- Capex figures to be reflected in GDP revisions due Sept. 9
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Japanese businesses boosted investment in the second quarter of the year, reaffirming signs of confidence that the economy is recovering slowly with the help of an uptick in domestic demand-led activity.
Capital expenditure on goods excluding software rose 1.9% in the three months through June from the previous quarter, the finance ministry reported Monday. The reading was stronger than the gauge for business investment in gross domestic product data released earlier by the Cabinet Office, which showed such spending increased 0.9% from the previous quarter.