Japan's capital spending stymied by labor shortage as projects lag

Gap between planned and actual investment hits decade-plus high

20240201N Japan capex

Capital spending plans by Japanese companies remain robust, but construction of new production facilities has faced delays due to trouble finding workers to build them. (Photo by Shigeru Aoki)

YUMIKO OSHIMA, HIROMOTO DEGUCHI and YUSUKE YAGI, Nikkei staff writers

TOKYO -- Japanese companies have seen their capital spending plans disrupted to the largest extent since 2011, by one measure, as a labor shortage leaves businesses that want to invest without enough personnel to carry out their projects.

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