Japanese capital spending down 5.2% in 1st quarter

06/3/2013 | Bloomberg

Despite a vigorous government campaign of stimulus, Japan's capital spending fell 5.2% in the first quarter from a year before. "Companies are not confident in the economic outlook as we haven't seen a clear signal of a solid global recovery. This will pressure the Abe government to come up with measures to support businesses in the growth strategy" to be announced this month, said Daiju Aoki, a UBS economist based in Tokyo.

View Full Article in:

Bloomberg

Published in Brief: