Quarter-on-Quarter Basis: Capital Expenditures and Economists Doubt

quarter-on-quarter basis: It expanded 5.7 percent in the previous quarter. ; The data released by the Finance Ministry showed a 10th straight quarterly gain, underpinned by investment by chemical firms to produce cosmetics and auto components as well as machinery makers to expand production of equipment for use in construction, according to The Japan Times. On a quarter-on-quarter basis, seasonally adjusted capital expenditures excluding spending on software rose 1.1 percent. Investment by all nonfinancial sectors for purposes such as building factories and adding equipment and software stood at 15.68 trillion. But economists doubt the upward trend will continue as trade tensions between the United States and China intensify, igniting risks to the global economy. As there are risks, including weak exports arising from an uncertain outlook for the global economy, companies may refrain from investment, Shinke said. Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute, said investment by domestic firms aimed at streamlining operations in response to the labor shortage appeared to have supported capital spending. (news.financializer.com). As reported in the news.