Japan data: Capex rose at fastest rate in nearly three years

Japanese Q4 GDP did miss estimates as current account surplus narrowed and consumption growth stalled, however, all is not lost as Capex did rise at a fastest pace in almost three years.

The capital expenditure component of GDP rose 2% from the previous quarter and was higher than the estimated figure of 1.7%. This was the fastest pace since Jan-Mar 2014 (2.3%).