Japan Inc. slashes investment plans 2.9% in face of pandemic

But spending thrives for decarbonization, medicine and digitization: Nikkei poll

20200124N Japan auto plant

An employee wearing a protective face mask and face guard works on the automobile assembly line in Kawasaki. © Reuters

Nikkei staff writers

TOKYO -- Japanese companies are cutting capital investment by 2.9% from initial plans for the fiscal year ending March 31, a Nikkei survey shows, as the coronavirus drives the largest drop since such data was first collected in the 1990s.

Yet some businesses are defying the trend as they continue to make long-term investments in decarbonization, medicine and digitization.

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