Capital spending by Japanese firms rose 11.2 percent in the July to September period from a year earlier, the government said Tuesday, a bright spot for an economy that slipped back into recession in the fiscal second quarter.
The data will affect revisions to Japan's economic growth figures for the same period, with the Cabinet Office scheduled to release revised gross domestic product data next Tuesday.
Investment by all nonfinancial sectors for purposes such as building plants and introducing equipment grew for the 10th straight quarter to ¥10.49 trillion, the Finance Ministry said, even as the economy shrank for a second consecutive quarter despite Prime Minister Shinzo Abe's efforts to foster growth.