Japan capital spending exceeds forecast last quarter

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Source: Bloomberg
© Scanpix/Reuters
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 economy will recover soon and that government will revise preliminary GDP data.
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