business

Japanese firms step up spending by 3.4% in July-Sept

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Consumption in Japan is decreasing though-good!

-5 ( +0 / -5 )

"The data shows that Japan's economy is recovering moderately,"\

No, they increase spending because they need many raw materials from abroad where they need to be paid in dollar. Weak yen, that more yen need to be spent for same dollar amount before pandemic. Beside that need to pay for increasing price that happen globally.

-5 ( +2 / -7 )

Pretax profits rose 20.1 percent to 23.80 trillion yen, a record for the quarter, helped by the weaker yen

I agree with @sakurasaki. How much of this is attributable to the 13% weakening of the yen in 2023?

-4 ( +2 / -6 )

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