Japan data: Q2 Corporate Capital spending +4.5% y/y (vs. expected +5.4%)

Business capex data from Japan for the April, May & June quarter of 2023

+4.5% y/y

• expected +5.4%, prior +11%
• for the q/q -1.2%

Sales for the quarter +5.8% y/y while profits rose 11.6%.