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Economy

Japan July-September business spending slows on disasters

TOKYO (Kyodo) -- Capital spending by Japanese companies slowed in the July-September quarter following a string of natural disasters that weighed on economic activity, government data showed Monday.

Investment by all nonfinancial sectors for purposes such as building factories and adding equipment and software rose 4.5 percent from a year earlier to 11.28 trillion yen ($99 billion), easing from a 12.8 percent rise the previous quarter.

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