• Kyodo


Capital spending by Japanese companies rose at the fastest pace in more than a decade in the April-June quarter, government data showed Monday, adding to evidence that the economy has resumed growth after a temporary slowdown.

Investment by all nonfinancial sectors for purposes such as building factories and adding equipment increased by 12.8 percent from a year earlier, the Finance Ministry said, highlighting the seventh straight quarter of growth and the fastest since January-March 2007.

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