(MENAFN) The Japanese government said that capital spending by the Japanese firms increased for six consecutive quarters in the third-quarter period of 2014, QNA reported.
Business investment by all nonfinancial sectors in the three-month period increased 5.5 percent from a year earlier to USD79.53 billion, following a growth of 3.0 percent in the previous quarter.
On a quarterly basis, business investment, excluding spending on software, climbed by 3.1 percent from the second-quarter period, up for the first time in two quarters.
The surge indicates that the April 1 consumption tax hike did not significantly reduced their eagerness to boost investment, the Finance Ministry said.
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