Global Economic News

Japan Capital Spending Drops 8.5% In Q4

Capital spending in Japan was down 8.5 percent in the fourth quarter of 2015, the Ministry of Finance said on Tuesday.

That missed forecasts for 8.7 percent and was down from 11.2 percent in the third quarter.

Excluding software, capex climbed 8.9 percent - exceeding expectations for 8.7 percent but down from 11.2 percent in the three months prior.

Company profits fell 1.7 percent after spiking 9.0 percent in Q3, while company sales dropped 2.7 percent after adding 0.1 percent in the third quarter.

by RTTNews Staff Writer

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