Japan data from its Ministry of Finance.
Capital Spending (YoY) (Q2) comes in at +7.6% for a solid beat
- expected 6.3%, prior 6.4%
- this is spending on plant and equipment
- the data will feed into Q3 GDP (economic growth) data due on September 8 and augers well
Capital Spending Ex Software (Y/Y) +5.2%
- expected 4.9%, prior 6.9%
Company sales +0.8% Y/Y
- expected 1.4%, prior +4.3%
Company recurring profit +0.2% Y/Y
- expected -0.4%, prior 3.8%
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USD/JPY is up a little on the morning so far here in Asia, around 147.16.
This article was written by Eamonn Sheridan at investinglive.com.
