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Business trends

Corporate Japan's capital spending plans reach 38-year high

Outlays estimated at $176bn, driven by electric vehicles and construction

A logistics center being built by GLP's Japan subsidiary in Nagareyama, Chiba Prefecture. Companies are accelerating capital expenditure in Japan.

TOKYO -- Japanese companies anticipate capital expenditures going up by the most in nearly four decades this financial year amid heavy outlays in technology and real estate, a Development Bank of Japan survey shows.

Domestic investment is on course to rise 21.6% to 19.75 trillion yen ($177 billion) for fiscal 2018, the DBJ reported Wednesday. That represents the strongest spending growth estimate since fiscal 1980, and a seventh straight year of projected gains.

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