Japan's business spending rises for eighth straight quarter

In the January-March period, Japanese companies rose spending on plant and equipment at the fastest rate since 2015, with a stronger-than-expected performance by manufacturers signaling a possible upward revision to first-quarter economic growth.

Japan's economy has experienced a good boost in capital spending, buoyed by a surge in consumption and surprise gains in business expenditure, a bright spot for Japan's economy.

Japan's firms raised capital expenditure by 11.0% in January-March from the same period a year earlier, posting an eighth straight quarter of gains, the Finance Ministry said on Thursday.

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