Japan corporate capital spending in Q3 up 11.2%
Tokyo
JAPAN'S economy may not, after all, have fallen into a recession in the third quarter of this year, according to official data that showed a sharp increase in corporate capital spending - a major component of gross domestic product (GDP) - during the period.
The revised data corrected an earlier estimate that capital investment had fallen during the third quarter of 2015, contracting for a second consecutive three months, which implied that the world's third largest economy had entered a technical recession.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month