Capex Spending Expands More Than Estimated in Japan

“Japanese companies increased capital spending more than economists predicted in the three months to September, indicating a contraction in the world’s third-largest economy may be short-lived.

Capital spending excluding software rose 2.4 percent in the period from a year earlier, after rising 6.6 percent in the previous quarter, the Ministry of Finance said in Tokyo today. Economists surveyed by Bloomberg had forecast a 1 percent gain.”

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