Japanese capital expenditure accelerated in the first quarter from the prior three-month period, suggesting gross domestic product growth could be revised up, but analysts remain wary about the outlook given growing pressure on corporate earnings. Indeed, corporate profits in January-March fell at the fastest pace in more than four years, which could encourage Japanese companies to cut back on future capital expenditure plans. The data suggests that revised GDP due on June 8 may show Japan's economy in the Jan-March quarter grew more than first reported, but a host of other indicators have pointed to a recovery ... (full story)