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.
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