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Firms investing more www3.nhk.or.jp
Officials from Japan's Finance Ministry have released figures showing that companies are boosting investment.
The economic data reveals that Japanese firms increased spending on facilities and equipment in the April-to-June period. It marks the 13th straight quarter of year-on-year rises.
Ministry officials say the capital expenditures of about 30,000 companies with capital funds of about 100,000 dollars or more totaled over 90 billion dollars. That figure is up 3.1 percent from a year ago.
The growth came as automakers increased their production capacity for new models. Some chemical companies also took actions to increase their ability to produce parts for vehicles and smartphones.
But some companies in the retail and leisure industries saw slowdowns, which weighed on the data.
The figures also show that corporate sales fell 3.5 percent and pretax profits fell 10 percent. Both numbers mark three straight periods of decline.
Sales from foreign tourists showed signs of a slowdown while a stronger yen cut into profits.
Published Date:2016-09-01
