Corporate Japan Spending More in Q3

Japanese nonfinancial companies’ combined capital expenditures in July-September rose 5.5 percent from a year before to ¥9.44 trillion, up for the sixth straight quarter, the Finance Ministry said Monday.

The nonfinancial companies’ recurring profits in the second quarter of fiscal 2014 grew 7.6 percent to ¥13.97 trillion, the ministry said.

Their sales rose 2.9 percent to ¥328.06 trillion.

Capital spending in all industries, including the financial sector, rose 5.4 percent to ¥9.97 trillion. All-industry recurring profits were up 11 percent at ¥17.72 trillion.

via Japan News

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza