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Business

Japanese companies' capital spending plans jump 15.8%

Semiconductor and electronic parts makers show biggest increases

Sophisticated smartphones and booming construction of data centers have created a global shortage of semiconductors.

TOKYO -- Major Japanese companies sharply upgraded their plans for capital investment spending in fiscal 2017, by 15.8% from the year before, the largest increase since the peak of the country's asset-inflated economy in 1990, a Nikkei survey showed on Saturday.

At the end of October, combined planned capital investment for the current fiscal year, which began in April, came to 26.22 trillion yen ($235 billion), the survey found.

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