(MENAFN) Japanese corporate capital expenditures grew in October-December from a year earlier but the pace decreased from the prior quarter, casting doubt strength of business investment seen as key to spurring growth in the world's third-largest economy, Gulf News reported.
The 2.8 percent annual increase in capital spending in the fourth quarter followed a 5.5 percent annual gain in July-September, data by the Ministry of Finance showed.
The data, which will be used for calculating revised gross domestic product (GDP) data due on March 9, suggests little revision to a preliminary reading of 2.2 percent annualized economic growth in the fourth quarter, analysts said.
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