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Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

Japan's Capital Spending Slows; GDP May Be Lowered [Bloomberg]

Summary: After nice gains last week in Tokyo, stocks got off to a bumpy start due to the weak ISM data release in the U.S. on Friday and lower-than-expected corporate spending data today in Japan. Capex increased 11.9% in the quarter ended Sept. 30, but fell short of economists' estimates which were as high as 15%. Meanwhile, profit growth remained strong at 15.5%, for the 17th-straight quarter of gains. Wages however, were unchanged in October and have been disappointing, increasing less than $100 this year. Both investors and the Bank of Japan are expected to be watching important data releases over the next two weeks, ending with a BoJ rate setting decision on the 19th. iSharesJapan-EWJ-1yr-chart-12-01-06
Related links: Commentary: Japan's Nikkei-225 and the Dollar/Yen DanceNice Week for Nikkei -- ADR Watch ListPositive Economic Data Supports Japan Stocks; More BoJ WatchingBullish on Japan -- Nikkei Primed for Big Rally.
Potentially impacted stocks and ETFs: iShares MSCI Japan Index (NYSEARCA:EWJ), iShares S&P/TOPIX 150 (NYSEARCA:ITF)

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Source: Data Dependent Japanese Investors Have Eyes On BoJ