Capital spending in Japan climbed 7.1 percent on quarter in the first three months of 2014, the Ministry of Finance said on Monday - topping forecasts for an increase of 5.8 percent following the 4.0 percent gain in Q4.
Excluding software, capital spending jumped 8.3 percent - also beating expectations for 5.9 percent following the 2.8 percent gain in the previous three months.
Company profits surged 20.2 percent, slowing from 26.6 percent in the three months prior.
Company sales added 5.6 percent on quarter, accelerating from 3.8 percent in the fourth quarter.
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