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2012, May 23

Japan Capital Spending Fell 9.8 Percent in Third Quarter

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Japan Capital Spending Fell 9.8 Percent in Third Quarter

by CFO Innovation Asia Staff, 05 December 2011
topics:
Business Expense Management Cash and Liquidity Management Management
tags:
capital spending
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Capital spending by Japanese companies fell 9.8 percent in the third quarter amid uncertain prospects for the economy, says the Finance Ministry.

 

Third-quarter business investment by all industries, excluding the financial and insurance sectors, stood at ¥8.62 trillion. On a quarterly basis, the spending slowed a seasonally adjusted 2.7 percent from the April-June period.

 

Capital spending among manufactures fell 1.6 percent, led by food processors and carmakers among other industries. Steelmakers noted uncertainty surrounding the outlook for demand for their products.

 

Nonmanufacturers logged a 14.3 percent decrease. Wholesalers and retailers as well as the transport and construction sectors were major decliners.

 

 

MORE ARTICLES ON CAPITAL SPENDING

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CFO Innovation Asia Staff
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