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Japanese Companies Raise Capital Spending in Sign of Resilience.

Authors :
Nohara, Yoshiaki
Source :
Bloomberg.com; 11/30/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

Japanese businesses have shown resilience by increasing their investment, according to the finance ministry. Capital expenditures on goods, excluding software, rose by 0.3% in the three months through September compared to the previous quarter. Spending on equipment, including software, also increased by 3.4% from the previous year. This data will be considered when revising the initial reading of the country's gross domestic product, which showed a contraction of 2.1% on an annualized basis. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
173922086