Japan’s business spending points to upward revision to first-quarter GDP
Capital expenditure increases 6.1% in January to March from the same period in 2018
03 June 2019 - 19:31
Tokyo — Japanese business spending rose in January to March, continuing the expansion seen over the past two years and pointing to a likely upward revision in overall economic growth in the first quarter as investment held up despite external trade pressures.
Ministry of finance data out on Monday showed capital expenditure grew 6.1% in January to March from the same period in 2018, led by chemicals, production machinery and leasing of goods. It followed a 5.7% gain in the previous quarter...
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