Japan’s Firms Plan Spending Boost as Sentiment Improves
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Japanese companies indicated they may boost investment by the most since 2007 as sentiment among big manufacturers unexpectedly improved, providing encouragement for Prime Minister Shinzo Abe’s revitalization effort.
Large companies see capital expenditure rising 8.6 percent in the year through March, according to the Bank of Japan’s Tankan survey released in Tokyo today. The big manufacturer sentiment index rose to 13 in September from 12 in June, above a median estimate of 10 in a Bloomberg News survey of economists.