TOKYO : Japanese companies raised spending on plant and equipment in January-March at the fastest rate since 2015, led by a recovery in car output and chip making as well as service-sector investment in real-estate, reflecting moderate economic growth.Capital spending has been a bright spot for Japan's ec
TOKYO : Japanese companies raised spending on plant and equipment in January-March at the fastest rate since 2015, led by a recovery in car output and chip making as well as service-sector investment in real-estate, reflecting moderate economic growth.
Japanese firms raised capital expenditure by 11.0 per cent in January-March from the same period a year earlier, posting an eighth straight quarter of gains, Ministry of Finance data showed on Thursday.On a seasonally-adjusted basis, capital expenditure rose 2.3 per cent quarter-on-quarter in January-March.
By sector, manufacturers raised capital expenditure by 11.3 per cent year-on-year in the first quarter, while service-sector capital spending rose by 10.8 per cent in the same period, according to the data.
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