Friday, March 29, 2024
HomeBusinessJapan Q3 corporate capex up 9.8% year/year

Japan Q3 corporate capex up 9.8% year/year



© Reuters. FILE PHOTO: An employee wearing a protective face mask and face guard works on the automobile assembly line at Kawasaki factory of Mitsubishi Fuso Truck and Bus Corp, owned by Germany-based Daimler AG, in Kawasaki, south of Tokyo, Japan May 18, 2020. REU

TOKYO (Reuters) – Japanese companies raised spending on plant and equipment in July-September by 9.8% from the same period a year earlier, Ministry of Finance data showed on Thursday.

The data will be used to calculate revised gross domestic product figures due on Dec. 8 and follows a preliminary estimate that Japan’s economy shrank at an annualised clip of 1.2% in the third quarter.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments