• Kyodo

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Capital spending by firms fell 9.8 percent in the three months through September for the second straight quarterly fall amid uncertain prospects for the economy, the government said Friday.

Third-quarter business investment by all industries, excluding the financial and insurance sectors, for such purposes as building new facilities and introducing equipment, stood at ¥8.62 trillion, the Finance Ministry said. On a quarterly basis, the spending slowed a seasonally adjusted 2.7 percent from the April-June period.

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