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Japanese GDP Capital Expenditure QoQ Final (Q4) Q/Q 1.3% vs. Exp. 1.1% (Prev. -0.2%, Rev. From -0.3%, Low. 0.3%, High. 1.6%)

Japanese GDP Capital Expenditure showed a stronger than expected increase of 1.3% in Q4, surpassing the consensus estimate of 1.1%, and improving from a prior decline.

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Japanese GDP Capital Expenditure QoQ Final (Q4) Q/Q 1.3% vs. Exp. 1.1% (Prev. -0.2%, Rev. From -0.3%, Low. 0.3%, High. 1.6%)

Japanese Finance Minister Katayama says G7 energy ministers are expected to meet tonight to discuss process of oil reserve release, adds no doubt that the drop in oil futures was a result of G7 solidarity, though not sure if they have fallen enough

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This suggests positive momentum in business investment, which could have wider implications for growth expectations and commodity demand in the region, particularly in metals and mining sectors.

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