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Business investment by Japanese firms up 4 percent
(MENAFN) Japanese company's capital spending increased 4 percent in the last quarter of 2013, marking the third consecutive quarterly gain, Xinhua reported
The increase was pushed by the increase to the yen's depreciation against the dollar, which caused firms to up investment, the Finance Ministry said
Business investments by non-financial sectors came at a total of USD92.97 billion, after a 1.5 percent increase in the quarter before it
Capital spending by manufacturers went up 0.7 percent from the corresponding period a year before to hit USD30.41 billion, while non-manufacturers' spending surged 5.7 percent to USD62.79 billion
The increase was pushed by the increase to the yen's depreciation against the dollar, which caused firms to up investment, the Finance Ministry said
Business investments by non-financial sectors came at a total of USD92.97 billion, after a 1.5 percent increase in the quarter before it
Capital spending by manufacturers went up 0.7 percent from the corresponding period a year before to hit USD30.41 billion, while non-manufacturers' spending surged 5.7 percent to USD62.79 billion
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