Thu, 01 Mar 2012 07:44:19 GMT
Japanese firms' capital spending expanded more than expected in 4th quarter
Japanese firms' capital spending advanced to a 5-year record high in 4th quarter, signalling the world's third largest economy may be regaining momentum. Capital spending eliminating software climbed 4.9% on annual basis compared to a 11% drop in the 3rd quarter, said Finance Ministry. Reconstruction demand probably contributed most to capital spending expansion said Akiyoshi Takumori, Sumitomo Mitsui Asset Management chief economist.