Capital spending in Japan was roughly unchanged in the second quarter of 2013 compared to the previous year, the Ministry of Finance said on Monday, standing at 83.106 billion yen.
That handily beat forecasts for a decline of 2.1 percent following the 3.9 percent contraction in the first quarter.
Excluding software, capital spending was up an annual 1.4 percent - also topping expectations for a decline of 3.8 percent following the 5.2 percent fall in the previous three months.
Company profits spiked 24.0 percent after gaining 6.0 percent in Q1, the data showed. Company sales eased 0.5 percent after dropping 5.8 percent in the three months prior.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.