• Kyodo


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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