STORY: Japan capital spending up 7.4 pct in Q2
SHOOTING TIME: Recent footage
DATELINE: Sept. 3, 2024
LENGTH: 00:00:43
LOCATION: Tokyo
CATEGORY: ECONOMY

SHOTLIST:
1. various of Tokyo's street view
2. various of Bank of Japan
3. various of Tokyo stock exchange
4. various of Tokyo's street view

STORYLINE:

Capital spending by Japanese companies increased 7.4 percent year-on-year in the second quarter of this year, accelerating from the previous quarter when it grew 6.8 percent, government data showed on Monday.
   
Investment by all nonfinancial sectors for purposes such as building factories and adding equipment came to 11.92 trillion yen (about 81.4 billion U.S. dollars), marking the 13th consecutive quarterly increase, the Finance Ministry said.
   
Investment by manufacturers increased 1.4 percent, driven by information communication and electronics machinery, while spending by non-manufacturers led by service providers and electric utilities grew 10.9 percent, data showed.
   
Meanwhile, pre-tax profits at Japanese companies grew 13.2 percent to a record-high 35.77 trillion yen in the second quarter of this year, rising for the sixth straight quarter, lifted by brisk overseas sales and the yen's weakness.
   
Corporate sales grew 3.5 percent to 368.96 trillion yen, a record high for the April-June quarter, and recurring profits increased 13.2 percent, data showed.
   
Capital spending is one of the key gauges of the country's gross domestic product. The results will be used to calculate revised gross domestic product figures due on Sept. 9.

Xinhua News Agency correspondents reporting from Tokyo.
(XHTV)