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Japan Third Quarter Corporate Capex Up 4.5% Year-On-Year

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TOKYO: Japanese companies raised spending on plant and equipment by 4.5 percent in July-September from the same period a year earlier, Ministry of Finance (MOF) data showed on Monday.

The data will be used to calculate revised gross domestic product figures due on Dec. 10.

A preliminary estimate out last month showed Japan's economy contracted by an annualised rate of 1.2 percent in the third quarter due to natural disasters and sluggish external demand. - Reuters

 

 

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