Economic Indicators
Japan Q3 corporate capex up 9.8% year/year – MOF
2022.11.30 20:06
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© 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.
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