Japan second-quarter corporate capex rises 3.1 percent: MOF
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A man walks past a factory at the Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo
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TOKYO (Reuters) - Japanese companies raised spending on plant and equipment in April-June by 3.1 percent from the same period last year, Ministry of Finance data showed on Thursday, slowing from the prior quarter in a sign capital expenditures lack momentum.
That followed a 4.2 percent year-on-year rise in capital spending in the previous quarter.
The data will be used to calculate revised gross domestic product figures due on Sept. 8.
A preliminary estimate showed the world's third-largest economy stalled in the April-June quarter, registering a meager 0.2 percent annualized expansion due to weak exports and capital spending.
(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)
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