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.
Economy
Japan Inc. sees record capital spending in fiscal 2023, led by EV, AI
Nikkei survey finds strong demand, but companies less bullish than in spring
Demand for new car production capacity, particularly electric vehicles, is one of the factors pushing big Japanese companies to record levels of capital spending.
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