Japan’s firms lift outlays in sign of modest domestic demand

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Japan’s firms lift outlays in sign of modest domestic demand - Business Mirror

Quick Summary:

Japanese businesses boosted investment in the second quarter of the year, reaffirming signs of confidence that the economy is recovering slowly with the help of an uptick in domestic demand-led activity.

The government also presented its view that business investment is showing signs of picking up in its August monthly economy report, maintaining the relatively positive view for a sixth month.

The preliminary GDP figures indicated that the economy rebounded to growth in the three months through June, driven by a pickup in domestic demand, especially private consumption.