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Japan business investment rises

Posted on Dec 03, 06:36PM | IANS

Capital spending by Japanese firms was up 2.2 percent in the three months through September from a year earlier, according to government data.

Business investment by all non-financial sectors for purposes such as building plants and introducing new equipment totalled 8.81 trillion yen (about USD 106.89 billion), the finance ministry said.

The data will affect revisions to Japan's economic growth figures, the revised third-quarter gross domestic product, which the Cabinet Office is set to release Dec 10, reported Xinhua.