April-June business investment up 3% despite tax hike

Business / Economy Sep 1, 2014

April-June business investment up 3% despite tax hike

Capital spending by nonfinancial Japanese companies rose 3.0 percent in the April-June period from a year earlier, indicating that the first consumption tax hike in 17 years has not significantly affected corporate investment, the government said Monday. Business investment by all nonfinancial sectors for purposes ...