Japan's Ministry of Finance released its capital spending data on late Tuesday evening. Capital spending in Japan jumped 4.2% in the first quarter, exceeding expectations for a 1.9% rise, after a 8.5% gain in the fourth quarter.

Capital spending excluding software soared 4.3% in the first quarter, after a 8.9% rise in the fourth quarter.

Company profits in Japan declined 9.3% in the first quarter, while company sales were down 3.3%.