Japan’s Q3 corporate capex rose 9.8% year over year.

© Reuters Photo: A worker wearing a protective face mask and face guard works on an automobile assembly line at the Kawasaki Mitsubishi Fuso Truck and Bus Corporation plant owned by Germany’s Daimler AG, south of Tokyo in Kawasaki, Japan May 18, 2020 REU

TOKYO (Reuters) – Japanese companies increased spending on plant and equipment by 9.8% in July-September from the same period a year ago, Finance Ministry data showed on Thursday.

The data follows revised gross domestic product figures on December 8 and estimates that Japan’s economy shrank at a 1.2% annual clip in the third quarter.

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