金融英语阅读：Japan’s Q2 corporate capital spending down

会计考友

　　TOKYO, Sept. 3 -- Japanese companies reduced capital spending across all industries in the April-June quarter by 1.7 percent from a year earlier, the Finance Ministry said in a report on Friday.
  ]; [0 Y* o, H1 U% @. R5 z　　According to the ministry, the pace of decline slowed significantly from the 11.5 percent annual slump in the previous quarter, as nonmanufacturers spent more on equipment during the recording period.
7 k  l& s' A: {$ G! w- D: B, G4 S　　The data revealed that manufacturers' spending on plant and equipment dropped 10.5 percent, while spending among nonmanufacturers climbed 3.4 percent.
　　The overall decline in the April-June quarter was less than a median forecast for a 6.5 percent decrease, economists noted
　　The amount of corporate capital spending is very much industry specific, with some of the most capital intensive industries include oil, telecom and utilities.
7 J( @5 L! P! x, Y* m+ ?　　Capital spending in Japan has been decreasing for the last 3 years, although the pace of decline has eased over the last 3 quarters.
- C4 G% k  G$ ?: X　　Corporate capital spending is a key gauge used by economists to calculate gross domestic product figures during the same period.
　　Japan's revised GDP figures will be released on Sept. 10.