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Economy

Japan Inc. tightens purse strings at home

Electronics parts orders have been solid at a Murata Manufacturing plant.

TOKYO -- Japanese companies remain reluctant to spend big on equipment at home despite stellar earnings, with mixed factors including their focus overseas and the advance of cloud computing contributing to the trend.

     Capital spending in Japan shrank an annualized 4.8% from the previous quarter in the April-June period and fell an annualized 5% in the three months ended in September, helping to push Japan's real gross domestic product into negative territory for two consecutive quarters.

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