Japan Capital Spending Q1: 0.0% y/y (expected 4.0%, prior 6.5%)

Flat capex in Q1 the headline data point, Disappointing.

Japan Capital Spending Ex Software Q1: -1.4% y/y

• expected 5.4%, prior 7.3%

Japan Company Sales Q1: 1.1% y/y

• prior 0.7%

Japan Company Profits Q1: 14.6% y/y

• expected 5.3%, prior 4.7%

I'll have more to come on this separately, details etc.