Japan revises down Q1 corporate capex

JAPANESE companies increased spending on plant and equipment in January-March by just 0.1% from the same period a year earlier, revised Ministry of Finance data showed today.

The data was revised down from a preliminary reading of a much sharper 4.3% increase in January-March.

On a seasonally adjusted basis, capital expenditure rose 3.6% quarter-on-quarter. – July 27, 2020, Reuters

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