Japan's capital spending rose 3.3 percent year-on-year in the March quarter, signaling second consecutive month of improvement in firms' spending on plant and equipment, data from the Finance Ministry showed Friday.
This follows a 7.6 percent jump in spending in the October-December period and a 9.8 percent drop in the September quarter.
Excluding software, capex rose 3.5 percent on an year-on-year basis. The report is used to calculate the revised GDP figures for the first quarter, which is expected to be published later next week.
by RTT Staff Writer
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