Japan April-June capital spending marks largest fall in decade

Capital spending by Japanese companies fell 11.3 percent in the April-June quarter from a year earlier, the largest drop in a decade, as the coronavirus pandemic clouded the business outlook, government data showed Tuesday.Investment by all nonfinancial sectors for purposes such as building factories and adding equipment totaled 9.64 trillion yen ($91 billion), according to the Finance Ministry.The 11.3 percent fall was the sharpest on a year-on-year basis since the January-March period of 2010, when the figure plunged 11.5 percent in the aftermath of the global financial crisis.Seasonally …READ FULL ARTICLE