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Japan Capex Surges 7.3% In Q1

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Capital spending in Japan jumped 7.3 percent in the first quarter of 2015, the Ministry of Finance reported on Monday, coming in at 13.129 trillion yen.

The headline figure topped expectations for a decline of 0.2 percent following the 2.8 percent increase in the fourth quarter.

Excluding software, capex spiked 8.1 percent to 11.990 trillion yen - also beating forecasts for an increase of 2.0 percent following the 3.9 percent jump in the three months prior.

Company profits added 0.4 percent to 17.532 trillion yen after jumped 11.6 percent in the fourth quarter. Company sales dipped 0.5 percent after advancing 2.4 percent in the previous three months.

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