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Japan’s Capital Spending Nudges Higher in Sign of Resilience
Japan’s businesses increased investment modestly, showing hints of resilience even as the broader economic recovery loses momentum. Capital expenditures on goods excluding software rose 0.3% in the three months through September compared with the previous quarter, the finance ministry reported on Friday. Spending on equipment including software rose 3.4% from a year earlier, in line with the forecast by analysts. The data will be factored into any potential revisions made to the initial reading of gross domestic product for the period, which showed the economy shrank at an annualized pace of 2.1%. Friday’s ... (full story)