Capital spending in Japan was up 4.2 percent on quarter in the first quarter of 2016, the Ministry of Finance said on Wednesday.
That beat forecasts for an increase of 2.4 percent following the 8.5 percent jump in the previous three months.
Excluding software, capex gained 4.3 percent - also beating expectations for 4.0 percent after jumping 8.9 percent in the three months prior.
Company profits tumbled 9.3 percent in Q1 after easing 1.7 percent in Q4, the ministry said, while company sales slipped 3.3 percent after dipping 2.7 percent three months earlier.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.