Mon, 03 Dec 2012 11:16:30 GMT
Japan capital spending exceeds forecast last quarter
Japanese capital spending, except software, increased by 2.4% on yearly basis, after a 6.6% gain in the previous quarter, as the Ministry of Finance announced on Monday. The actual number exceeded economists prediction, which was 1% gain, indicating that the third largest world economy may experience just a short-lived contraction. Also, October production unexpectedly increased supporting the expectations that Japanese