finance
Japan Tankan Survey Shows Higher Capital Spending in Second Quarter
Large firms reported 11.5 percent capital expenditure growth for the April-June period. The Bank of Japan survey also recorded improved business conditions across manufacturing and non-manufacturing sectors.
Jun 30, 7:51 PM·1m read1 source
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The figure exceeded the 11.0 percent estimate and the 3.3 percent reading from the prior quarter.
Large Non-Manufacturing Index held steady at 37, matching the prior quarter and slightly above the 36 estimate. Its outlook slipped to 28 from 29.
Small Manufacturers Index increased to 9 from 7, beating the 4 estimate. Small Manufacturers Outlook edged up to 2 from 4. Small Non-Manufacturing Index fell to 15 from 16, while its outlook remained at 8.
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