Japanese capital spending except software index has increased to 4.2% in the first three months of this year, higher than a -0.8% expected, compares with a pervious reading 4.8% in the fourth quarter of 2010.

Further, the capital spending in Japan rose to 3.3% in 1Q, from 3.8% in the last quarter of 2010, while the market expectations referred to 3.0%.