Flat capex in Q1 the headline data point, Disappointing. Japan Capital Spending Ex Software Q1: -1.4% y/yexpected 5.4%, prior 7.3%Japan Company Sales Q1: 1.1% y/yprior 0.7%Japan Company Profits Q1: 14.6% y/yexpected 5.3%, prior 4.7%I'll have more to come on this separately, details etc. This article was written by Eamonn Sheridan at investinglive.com.