Capital spending in the January-March quarter rose 7.3 percent on year, chalking up an eighth consecutive expansion as the economy continues to recover, the government said Monday.

Business investment by all nonfinancial sectors for such purposes as building plants and installing new equipment totaled ¥13.13 trillion, the Finance Ministry said.

The data will affect the nation's growth figures, with the Cabinet Office scheduled to release revisions to gross domestic product data for the same quarter on June 8.