TOKYO, March 2 (Xinhua) — Capital spending by Japanese firms rose 7.7 p.c within the ultimate three months of 2022 from the identical interval of the earlier 12 months, authorities information confirmed Thursday.
According to Ministry of Finance, funding by all non-financial sectors for functions resembling constructing factories and including tools in Oct.-Dec. 2022 totaled 12.44 trillion yen (91 billion U.S. {dollars}), up for seven straight quarters.
Quarter-on-quarter, capital expenditure in seasonally adjusted phrases rose 0.5 p.c, the information confirmed.
The information will likely be mirrored in revised gross home product figures scheduled to launch by the Cabinet Office on March 9.