Meiji Yasuda Research Institute
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Japan's Q1 capex growth stalls as Iran war weighs, raising GDP downgrade risk
Japan's Q1 capex growth stalls as Iran war weighs, raising GDP downgrade risk TOKYO, June 1 : Japanese companies' pace of annual spending on plant and equipment stalled in the first quarter after a year of strong expansion, likely prompting a downgrade to economic growth as concerns mount over the impact of the Middle East conflict. The Iran war has upended the global economic outlook, leaving oil-import-dependent Japan heavily exposed to the energy shock rippling across businesses and...