Japan Q2 business capex +7.4% y/y (vs. expected +9.9%) ...Middle East

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Data from Japan's finance ministry for spending on plant and equipment in April-June 2024:+7.4% y/yexpected +9.9%, prior +6.8%for the q/q, +1.2%Capex is an input to the GDP data for Q2 due on September 9Other data showed sales rose 3.5% y/y, while recurring profits rose 13.2% y/y Japan Inc. does not appear to faring too badly at all. This article was written by Eamonn Sheridan at www.forexlive.com.

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