TOKYO, Dec 03 (Reuters): Japanese corporate capital expenditure rose for an eighth consecutive quarter in July-September but the pace of gains slowed sharply, raising doubts about the strength of business activity amid global trade frictions.
Ministry of Finance (MOF) data out on Monday showed capital expenditure grew 4.5 per cent in July-September from the same period last year, led by chemicals, production machinery, information and communications.
It slowed from a 12.8 per cent gain in the previous quarter.
Excluding software, capital expenditure fell 4.0 per cent in July-September from the previous quarter on a seasonally-adjusted basis, down for the first time in five quarters.
Economists said the data, which will be used to calculate revised gross domestic product figures due on December 10, pointed to a downward revision to the third-quarter GDP.
Japan's corporate investment slows
FE Team | Published: December 03, 2018 23:11:30
Japan's corporate investment slows
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