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Japan's business investment in Q4 rises 2.8 pct

Xinhua, March 2, 2015 Adjust font size:

Japanese companies' capital spending in the fourth quarter of 2014 rose 2.8 percent on year, government data showed Monday.

Business investment by all non-financial sectors for purposes such as building plants and introducing new equipment totaled 9.71 trillion yen (about 81 billion U.S. dollars), the Japanese Finance Ministry said, indicating companies' willingness to keep increasing investment despite sluggish consumer spending.

On a quarter-on-quarter basis, business investment, excluding spending on software, rose a seasonally adjusted 0.6 percent from the previous quarter.

The data would affect revisions to the country's economic growth figures, with the Cabinet Office set to release revised gross domestic product data for the same period on March 9. Endi