Japan Business Capex for Q4 2023 Marks Impressive Growth Despite Forecasts
Sunday, 3 March 2024, 23:57
Japan Q4 2023 Business Capex Report
The latest Japanese data reveals significant growth in Business Capex for Q4 of 2023. Business Capex surged by +16.4% year-over-year, exceeding expectations with a forecast of +2.9% and surpassing the prior figure of +3.4%. Additionally, Company Profits showed an increase of +13.0% quarter-over-quarter, beating the expected growth of +21.3% and the previous rate of +20.1%. The USD/JPY remained relatively stable following the release of the data, reflecting market focus on the upcoming decisions of the Bank of Japan.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.