FILE PHOTO: People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO: Japanese companies increased investments in the three months through September, pointing to stronger-than-expected resilience in corporate confidence and supporting views that the Bank of Japan (BoJ) may raise rates sooner rather than later.
Capital expenditure on goods excluding software gained 0.8% in the quarter from the previous period, led by manufacturers, the Finance Ministry reported yesterday.
