Japan data: Q3 Capital Spending: 11.2% y/y (expected 2.2%)

Japan data for capex, profits and sales ...

Q3 Capital spending 11.2% y/y

• expected 2.2%, prior was 5.6%

Q3 Capital spending excluding software 11.2% y/y also (+5.4% q/q)

• expected 1.7%, prior was 6.6%

Q3 Company profits +9.0% y/y

• prior was 23.8%

Company Sales for Q3 +0.1% y/y

• prior +1.1%

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Some strong capex results there to make the BOJ and Japanese administration ahppier