Japan Q2 Coporate Capital Spending -21.7% yr/yr

Japanese companies cut spending on plant and equipment 21.7% in April to June compared with the same period a year ago. The data will be used to calculate revised GDP due Sept 11. Preliminary estimates have Japan’s economy growing 0.9% in Q2.

Japan firms’ Q2 recurring profits -53% yr/yr

Japan firms’ Q2 sales -17% yr/yr