Toyota leads Japan Inc.'s record $217bn capital investment blitz

Auto industry set to be top spender in fiscal 2024 as EV, software race heats up

20240725N Toyota Lexus assembly

Workers assemble a Lexus vehicle at Toyota's plant in Fukuoka prefecture. The automaker is planning the largest capital investment of any major Japanese company this fiscal year. (Photo by Toshiki Sasazu)

MASASHI ISAWA, Nikkei staff writer

TOKYO -- Leading Japanese corporations are planning to increase capital investment by 15.6% in fiscal 2024 to 33.37 trillion yen ($217 billion), topping records for the second year in a row, a Nikkei survey found.

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