Japan chief cabinet secretary Suga:
- Says Japan Capex on increasing trend, on back of firm corporate earnings
- Expects capes to continue to rise
- Declines to comment on Forex level, declines to comment on high stock prices
- Stimulus to be focused on small firms impacted by the weak yen
- Stimulus to be focused on regions impacted by the weak yen
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Capex was better in Q3: Japan Q3 Capital spending +5.5% y/y (vs. +2.0% expected)
It may have had some jump because of higher prices imposed by a weaker yen (for imported capital items,. of course) … I don’t know to what extent that may have been, though
