Rising capital spending adds to prospects of Japan GDP upgrade

By Shinya Ajima
TOKYO, June 1, Kyodo

Capital spending by Japanese firms grew 3.3 percent in the three months through March from a year earlier on strong gains for carmakers as well as in reconstruction following the March 2011 earthquake and tsunami, the government said Friday, adding to the view it will revise upward the nation's first-quarter economic growth.
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