Capital Investment Up 12% for September Quarter

According to the Ministry of Finance, capital investment of Japan's nonfinancial firms was 14.8 trillion yen in the July-September quarter, a 12.0% increase from the same period last year. Capital investment has now been up on a year-to-year basis for 14 consecutive quarters. However, the increase was below the 16.6% level recorded for the second calendar quarter, and below analyst estimates of a 15.3% advance.