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Technology

Japan's biggest companies plot 16% jump in tech investment

From retail to construction, coronavirus accelerates digital revolution

The Tokyo skyline: leading Japanese companies are stepping on the gas for tech-related investments.   © Reuters

TOKYO -- Despite uncertainties from COVID-19, top Japanese corporations plan to invest 15.8% more in information technology in fiscal 2020 to keep up the wave of digitization across industries.

A total of 765 enterprises aim to spend 471.8 billion yen ($4.45 billion) on tech, shows a Nikkei survey of publicly traded companies and those with 100 million yen or more in capital. This marks a second straight year of double-digit growth.

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