Japan's electronic parts makers boost capital spending by 5%

TOKYO/KYOTO, Japan -- Japan's electronic components makers are boosting capital spending by 5.4% this fiscal year, as automobiles continue to incorporate more electrical parts for everything from hybrid drivetrains to advanced driver-assistance systems. 

Based on investment plans of 32 companies -- including Murata Manufacturing, TDK and Kyocera -- compiled by Nikkei, total spending was expected to reach 1.4 trillion yen ($8.7 billion) in fiscal 2024, a 46% increase from four years ago. Of these companies, 19 were planning to boost spending.