Japanese Businesses to Boost Capital Spending

Japanese businesses aim to boost spending by 0.9 percent in the year ending March 31--the first increase since fiscal 2007.

 

Quoting Ryutaro Kono, an economist at BNP Paribas in Tokyo, Bloomberg reports that businesses are expected to purchase equipment with record cash derived from an earnings recovery. 

 

“We expect cashed-up large manufacturers to show the strongest signs of an increased willingness to channel funds into new capital investment,” Kono told Bloomberg.

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