Japan Q1 capital spending hits record but some export sectors weak
TOKYO (Reuters) -Investment by Japanese companies in plants and equipment surged to a record in the first quarter led by industries focused on domestic demand, but key export sectors reduced spending in a sign that U.S. tariffs are undermining business confidence. Capital spending in January-March grew 6.4% to 18.8 trillion yen ($130 billion), according to finance ministry data on Monday. But business investment has been patchy, dipping 0.2% in the previous quarter to mark the first fall in nearly four years.