For Q2, from the Ministry of Finance Financial Statements Statistics of Corporations by Industry
- Capital Spending comes in flat at 0.0% (vs. expected -2.1%, prior was -3.9%)
- Capital Spending excluding software: +1.4% (vs. expected -3.8%, prior was -5.2%)
- Company Sales: -0.5% (vs. prior was -5.8%)
- Company profits: +24.0% (vs. prior was +6.0%)
These are a reasonable set of results for ‘Abenomics’ – capital spending has come in better than expected, while sales (while still down) and profits have improved from prior.
USD/JPY is up a few points after the data.
