Japan Q2 business capex +7.4% y/y (vs. expected +9.9%)

Data from Japan’s finance ministry for spending on plant and equipment in April-June 2024:

+7.4% y/y

• expected +9.9%, prior +6.8%
• for the q/q, +1.2%

Capex is an input to the GDP data for Q2 due on September 9

Other data showed sales rose 3.5% y/y, while recurring profits rose 13.2% y/y

Japan Inc. does not appear to faring too badly at all.

This article was written by Eamonn Sheridan at www.forexlive.com.



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