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Business trends

Japan Inc.'s capital spending poised to roar back 25%

Decarbonization and chips drive fiscal 2022 investment as delayed plans catch up

Planned capital investment for fiscal 2022 is the second highest tally on record and marks the sharpest growth since fiscal 1973. (Photo by Yasufumi Tsuge)

TOKYO -- Japanese companies look to invest 25% more into equipment, real estate and other physical assets this fiscal year, a Nikkei survey shows, as catching up on delayed plans and a growing interest in decarbonization propel them toward the sharpest jump in nearly half a century.

Planned capital investment by 876 major companies has increased for the first time in three years, to 28.66 trillion yen ($212 billion) -- the second highest tally on record, after 28.98 trillion yen in fiscal 2007. The year-on-year increase marks the steepest growth since fiscal 1973.

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