TOKYO -- Capital investment by big Japanese companies is expected to hit a record 31.9 trillion yen ($213 billion) in fiscal 2023 ending next March, shattering the record for the second year running, a Nikkei survey finds.
Spending on plant and equipment is forecast to rise 17.3% from the previous year overall, driven by the demand for electric vehicle (EV) production and data centers as artificial intelligence (AI) becomes widespread.
