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MNI BRIEF: Japan Q1 Capex Down Q/Q; GDP Seen Revised Lower

(MNI) Tokyo
(MNI) TOKYO

Combined capital investment by non-financial Japanese companies excluding software fell 0.5% q/q in Q1, decelerating from 8.2% in Q4 2023, a quarterly survey released by the Ministry of Finance showed on Monday.

The MOF survey, based on the demand side, is the key to calculating Q1 GDP revisions due June 10 and indicated capex will be revised down from preliminary estimate of -0.8%, based solely on supply side data.

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Combined capital investment by non-financial Japanese companies excluding software fell 0.5% q/q in Q1, decelerating from 8.2% in Q4 2023, a quarterly survey released by the Ministry of Finance showed on Monday.

The MOF survey, based on the demand side, is the key to calculating Q1 GDP revisions due June 10 and indicated capex will be revised down from preliminary estimate of -0.8%, based solely on supply side data.

Keep reading...Show less