TOKYO--Capital investment spending by Japanese corporations increased by 4.0% from year-ago levels during the October- December quarter, a government survey used in the revision of gross domestic product figures showed Monday.
On a seasonally adjusted basis, capital spending fell 0.3% on quarter, the finance ministry said. The result compares with an earlier estimate of 1.3% growth for such expenditure as reported in preliminary GDP data published on Feb. 17.
The government will revise its GDP figures based on the information from Monday's corporate survey and from other data. The revised figures will be released on March 10.
According to the Feb. 17 preliminary estimates, the Japanese economy grew 0.3%, or an annualized 1.0%, in the fourth quarter of 2013.
The quarterly survey showed that corporate current profits rose by 26.6% from a year earlier. Corporate sales grew 3.8%, the ministry said.
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On a seasonally adjusted basis, capital spending fell 0.3% on quarter, the finance ministry said. The result compares with an earlier estimate of 1.3% growth for such expenditure as reported in preliminary GDP data published on Feb. 17.
The government will revise its GDP figures based on the information from Monday's corporate survey and from other data. The revised figures will be released on March 10.
According to the Feb. 17 preliminary estimates, the Japanese economy grew 0.3%, or an annualized 1.0%, in the fourth quarter of 2013.
The quarterly survey showed that corporate current profits rose by 26.6% from a year earlier. Corporate sales grew 3.8%, the ministry said.
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