As the IT boom in world markets continues to feed demand for semiconductors and electronic components...
As the IT boom in world markets continues to feed demand for semiconductors and electronic components, Japan's export growth is the near-term driver of the economy. However, fund managers believe that an upturn in domestic capital expenditure should soon overtake export growth, possibly laying the foundations for a sustainable economic expansion. Yasushi Okada, analyst at Credit Suisse First Boston, said: "We are seeing brighter signs in capex. Increased corporate cash flows tend to lead corporate capex by approximately two quarters. According to the corporate survey for the fourth quarter...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes