TOKYO: Japanese corporate capital expenditures grew in January-March at the fastest pace in a year, adding to hopes that a recovery in business investment will spur growth in the world's third-largest economy.
Corporate spending on plant and equipment, along with wage growth, hold the key to the ultimate success of Prime Minister Shinzo Abe's economic reflationary policy recipe aimed at generating a virtuous cycle of private-sector-led growth.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
