Photographer: Kiyoshi Ota/Bloomberg

Japan’s Company Profits Fall, Capital Expenditure Remains Weak

  • Profits slump is the biggest in five years amid strong yen
  • Sales also slide in the quarter as demand remains sluggish

Japan’s capital expenditure data for the second quarter was slightly weaker than expected while company profits slumped as businesses held tight on spending amid a strong yen and sluggish demand at home and abroad.

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