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Japan Q4 corporate capex up 16.4% yr/yr - MOF

By Reuters   |   Mar 3, 2024 at 07:00 PM EST
Japan Q4 corporate capex up 16.4% yr/yr - MOF

TOKYO (Reuters) - Japanese companies raised spending on plant and equipment in October-December by 16.4% from the same period a year earlier, Ministry of Finance data showed on Monday.

The data will be used to calculate revised gross domestic product figures due on March 11 and follows a preliminary estimate that Japan's economy contracted 0.4% annualised in the fourth quarter.

(Reporting by Tetsushi Kajimoto; Editing by Josie Kao)

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