Japan Q3 company capex up 9.8% yr/yr

© Reuters. FILE PHOTO: An worker sporting a protecting face masks and face guard works on the auto meeting line at Kawasaki manufacturing unit of Mitsubishi Fuso Truck and Bus Corp, owned by Germany-based Daimler AG, in Kawasaki, south of Tokyo, Japan Could 18, 2020. REU

TOKYO (Reuters) – Japanese firms raised spending on plant and tools in July-September by 9.8% from the identical interval a yr earlier, Ministry of Finance knowledge confirmed on Thursday.

The info might be used to calculate revised gross home product figures due on Dec. 8 and follows a preliminary estimate that Japan’s economic system shrank at an annualised clip of 1.2% within the third quarter.

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