Global Economic News

Japan Capital Spending Rises 4.2% In Q1

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.

by RTTNews Staff Writer

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