16 Days
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الاقتصادية
Japanese firms reduce investment amid Iran conflict
Japanese companies reduced their capital expenditures during the first quarter, with spending falling by 3.5% compared to the previous quarter. This decline was driven by waning corporate confidence and uncertainty resulting from escalating disturbances in the Middle East, particularly the closing of the Strait of Hormuz, which disrupted global oil supplies. Although major companies' confidence improved according to a survey by the Bank of Japan, future outlooks have declined. The central bank faces pressure from weak spending and strong profits, with a possible interest rate hike anticipated in June.
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