Japan's Nov machinery orders expected to be higher

Capital expenditure in Japan is expected to grow at a faster pace in November, a Reuters survey showed, in a sign that companies are now ramping up investment to meet strong domestic demand, but the deficit in the current account likely widened in November from the previous month.

TOKYO: A leading indicator of capital expenditure in Japan is expected to grow at a faster pace in November, a Reuters survey showed, in a sign that companies are now ramping up investment to meet strong domestic demand.

Meanwhile, the deficit in Japan's current account likely widened in November from the previous month, according to the survey, but economists say the balance should quickly return to a surplus due to income from Japan's hefty overseas investments.