Capital spending in Japan was up 7.6 percent on year in the fourth quarter of 2011, the Ministry of Finance said on Thursday, standing at 9.944 trillion yen.
That blew away forecasts for a contraction of 6.5 percent following the 9.8 percent plunge in the third quarter.
Excluding software, capital spending climbed 4.9 percent on year to 8.955 trillion yen. That also shattered forecasts for a decline of 7.4 percent following the 11.0 percent fall in the previous three months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.