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MNI BRIEF: Japan Q4 Capex Up Q/Q; GDP Seen Revised Higher

(MNI) Tokyo
(MNI) TOKYO

Combined capital investment by non-financial companies excluding software rose 8.0% q/q in Q4 of 2023, accelerating from 1.0% in Q3, a quarterly survey released by the Ministry of Finance showed on Monday.

The MOF survey, based on the demand side and key to calculate Q4 GDP revisions due March 11, indicated authorities will revise capex higher from the preliminary estimate of -0.1%, based solely on supply side data. Based on the MOF data on capex and inventories, the government will also likely revise up from its Q4 estimate.

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Combined capital investment by non-financial companies excluding software rose 8.0% q/q in Q4 of 2023, accelerating from 1.0% in Q3, a quarterly survey released by the Ministry of Finance showed on Monday.

The MOF survey, based on the demand side and key to calculate Q4 GDP revisions due March 11, indicated authorities will revise capex higher from the preliminary estimate of -0.1%, based solely on supply side data. Based on the MOF data on capex and inventories, the government will also likely revise up from its Q4 estimate.

Keep reading...Show less