Japan's capital spending jumps 11 pct in Jan.-March quarter

Xinhua
01 Jun 2023, 17:55 GMT+10

TOKYO, June 1 (Xinhua) -- Capital spending by Japanese companies in the January-March period rose 11 percent year on year, posting an eighth straight quarter of gains, the Finance Ministry data showed on Thursday.

Investment by all nonfinancial sectors for purposes such as building factories and adding equipment totaled 16.54 trillion yen (119 billion U.S. dollars), marking the fastest gain since July-September in 2015, led by a recovery in car output and chipmaking as well as service-sector investment in real estate, the ministry said.

Capital expenditure by manufacturers increased 11.3 percent, as automakers built new plants for electric vehicles, while investment by non-manufacturers grew 10.8 percent, led by spending on property development projects.

The latest figures will be reflected in revised gross domestic product data for the quarter, to be released by the Cabinet Office on June 8.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

26 ℃

Mostly Cloudy in Seletar

International Business

Section

Adidas launches newest running shoes costing $500

LONDON, UK: This week, Adidas' newest running shoes, the Adizero Adios Pro Evo 1, went on sale for US$500. Worn ...

Pakistan notifies hike in LPG price by PKR 20 per kg, domestic cylinder price touches PKR 3079

Islamabad [Pakistan], September 30 (ANI): Dealing a further blow to the people already saddled with mounting inflation, Pakistan's Oil and ...

Pakistan: PIA service hit as five aircraft with no engines grounded

Islamabad [Pakistan], September 30 (ANI): Flight services of the Pakistan International Airlines' (PIA) were disrupted after five three Boing 777 ...

RBI extends deadline to exchange Rs 2,000 banknotes till October 7

Mumbai (Maharashtra) [India], September 30 (ANI): The Reserve Bank of India (RBI) has announced an extension of the deadline for ...

IMF Executive Board approves USD 1.3 bn for Morocco under Resilience and Sustainability Facility Arrangement

Washington DC [US], September 30 (ANI/WAM): The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) ...

World Bank approves USD 365 mn for advancing girls, women empowerment in Western, Central Africa

Washington DC [US], September 30 (ANI/WAM): The World Bank Board of Directors today approved USD 365 million in International Development ...

Construction

Section