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Data shows Japan's Q1 capital spending almost flat

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China

Data shows Japan's Q1 capital spending almost flat

2026-06-01 17:24 Last Updated At:19:07

Capital spending by Japanese companies in the January-March period edged up 0.047 percent from a year earlier, government data showed Monday.

Investment by all non-financial sectors for purposes such as building plants and purchasing equipment totaled 18.81 trillion yen (about 118 billion U.S. dollars), with the gain slowing down from the previous quarter's 6.5 percent expansion, the Ministry of Finance data showed.

In the first quarter of 2026, pretax profits increased 14.6 percent to 32.63 trillion yen, up for the sixth straight quarter, while sales rose 1.1 percent to 408.66 trillion yen, the ministry said.

The latest figures will be used to revise Japan's gross domestic product data for the January-March quarter, which showed a faster-than-expected annualized real growth of 2.1 percent.

The Cabinet Office will release the revised GDP data on June 8.

Data shows Japan's Q1 capital spending almost flat

Data shows Japan's Q1 capital spending almost flat

China has always been a reliable friend to Latin American and Caribbean countries and stands ready to work with regional countries, including Brazil, to further deepen and expand overall China-Latin America cooperation, Chinese Foreign Minister Wang Yi said on Monday.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during the fifth China-Brazil Foreign Ministerial-Level Comprehensive Strategic Dialogue with Brazilian Foreign Minister Mauro Vieira in Beijing.

Wang said that in recent years, under the strategic guidance of the two heads of state, China-Brazil relations have become increasingly global, strategic and far-reaching in influence.

"Practical cooperation across all fields has been steadily upgraded, and the two peoples have never been closer," he added.

Wang said the two sides should fully implement the important consensus reached by the two heads of state, continue to advance the building of a China-Brazil community with a shared future, jointly counter various external challenges, and build greater synergy for each other's modernization drives and the unity and self-improvement of Global South countries.

Noting that China appreciates the Brazilian government's long-standing commitment to the one-China principle, Wang said China supports Brazil in safeguarding its national sovereignty, upholding independence and autonomy, and achieving greater development.

The two sides should advance exchanges and cooperation in culture, education, tourism, sports, sub-national areas, youth, media and other fields, Wang said, adding that it is important to strengthen communication and coordination under multilateral mechanisms including the United Nations and BRICS, earnestly implement the four major global initiatives, and promote the development of a more just and equitable global governance system.

Vieira stated that Brazil will always adhere to the one-China principle. He said Brazil looks forward to consolidating strategic mutual trust with China, deepening practical cooperation, cementing public support for bilateral ties, and achieving common prosperity.

Noting that both Brazil and China are important forces championing multilateralism and free trade, Vieira said Brazil is ready to work with China to enhance multilateral coordination, jointly advance the reform of the global governance system, uphold the authority of the United Nations, and promote international fairness and justice.

China ready to work with Brazil to further expand overall China-Latin America cooperation: Chinese FM

China ready to work with Brazil to further expand overall China-Latin America cooperation: Chinese FM

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