The relative resilience of capital spending in the first quarter survey from the Ministry of Finance supports other evidence that corporate Japan is in much better shape than at similar stages in previous downturns. We continue to expect the economy to grow by 2% or so in 2008 as a whole, comfortably above consensus forecasts of around 1½% and little different from the 2.1% in 2007.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services