Japan Tankan Shows Limits on Spending as Companies Cautious
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Large Japanese businesses pared their projections for capital spending this fiscal year, signaling challenges for Abenomics as a sales-tax increase looms in April.
Big companies plan to boost spending by 4.6 percent in the year ending March 2014, a quarterly Bank of Japan report showed today. That compared with a 5.1 percent projection three months earlier. The slide contrasted with an increase in sentiment to the highest since 2007.