Japan first-quarter corporate capex up 4.5 percent - MOF

TOKYO (Reuters) - Japanese companies raised spending on plant and equipment in January-March by 4.5 percent from the same period last year, Ministry of Finance (MOF) data showed on Thursday.
Excluding software, capital expenditure grew 1.3 percent from the previous quarter on a seasonally adjusted basis, the MOF data showed.
The data will be used to calculate revised gross domestic product figures due on June 8. The reading followed a preliminary estimate that Japan's economy grew an annualised 2.2 percent underpinned by exports and private consumption.
(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jun 01 2017 | 5:51 AM IST
