Reported about 1 month ago
Japanese firms increased their capital expenditures in the second quarter of 2024, indicating a modest recovery in domestic demand. Capital investment, excluding software, rose 1.9% from the previous quarter, while spending on equipment grew 7.4% year-on-year, despite missing some economists' expectations. Data points to stronger investment in the service sector, which may support upcoming interest rate increases by the Bank of Japan, signifying optimism about economic growth.
Source: YAHOO