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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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