Reported 2 days ago
Japanese firms have ramped up their capital expenditures in the third quarter, reflecting a stronger-than-expected corporate confidence and raising speculation about a potential interest rate hike by the Bank of Japan. With capital investment, particularly among manufacturers, rising 0.8% from the previous quarter and 9.5% year-on-year, this growth comes despite a notable drop in corporate profits. The data suggests positive trends in the economy, with expectations for the BOJ to possibly raise rates as early as December 19.
Source: YAHOO