Japanese companies increased capital spending by 6.5% in Q4 2025, sharply picking up from 2.9% in the previous period and exceeding market expectations of 3.0%. The latest result marked the fourth straight quarter of growth, reflecting stronger corporate confidence. Non-manufacturing investment significantly accelerated (10.1% vs 3.9% in Q3), boosted by a solid rebound in construction (14.9%) and further gains in real estate (40.7%), goods rental and leasing (26.0%), and services (2.5%). In contrast, manufacturing outlays stagnated following a 1.4% growth previously, as gains in food(13.6%), chemical products (18.7%), iron and steel (13.4%), and fabrucated metal products (25.5%) offset declines in petroleum and coal (-14.9%), production machinery (-6.7%), and information and communications (-38.2%). source: Ministry of Finance, Japan

Private Investment in Japan increased to 6.50 percent in the fourth quarter of 2025 from 2.90 percent in the third quarter of 2025. Private Investment in Japan averaged 1.08 percent from 2008 until 2025, reaching an all time high of 16.40 percent in the fourth quarter of 2023 and a record low of -25.33 percent in the first quarter of 2009. This page provides - Japan Private Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Capital Spending - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-30 11:50 PM
Capital Spending YoY
Q3 2.9% 7.6% 5.9% 7.2%
2026-03-02 11:50 PM
Capital Spending YoY
Q4 6.5% 2.9% 3% 2.3%
2026-05-31 11:50 PM
Capital Spending YoY
Q1 6.5%


Related Last Previous Unit Reference
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Car Registrations 265438.00 211362.00 Units Mar 2026
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Changes in Inventories -242.40 819.20 JPY Billion Dec 2025
Coincident Index 117.90 114.50 points Jan 2026
Composite Leading Indicator 100.12 100.12 points Feb 2026
Corporate Profits 30027.03 27538.53 JPY Billion Dec 2025
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Corruption Rank 18.00 20.00 Dec 2025
Eco Watchers Survey Current 48.90 47.60 points Feb 2026
Eco Watchers Survey Outlook 50.00 50.10 points Feb 2026
Industrial Production YoY 0.30 0.70 percent Feb 2026
Industrial Production MoM -2.10 4.30 percent Feb 2026
Leading Economic Index 112.10 110.40 Points Jan 2026
Machine Tool Orders YoY 146784.00 145587.00 JPY Million Feb 2026
Machinery Orders MoM -5.50 16.10 percent Jan 2026
Manufacturing Production 0.30 0.70 percent Feb 2026
Mining Production -1.70 -6.10 percent Feb 2026
New Orders 1270.29 1204.44 JPY Billion Jan 2026
Capital Spending YoY 6.50 2.90 percent Dec 2025
Reuters Tankan Index 18.00 13.00 points Mar 2026
Tankan Small Manufacturers Index 7.00 6.00 points Mar 2026
Steel Production 6400.00 6800.00 Thousand Tonnes Feb 2026
Tankan Large All Industry Capex 3.30 12.60 percent Mar 2026
Tankan Large Manufacturing Outlook 14.00 15.00 points Mar 2026
Tankan Non-Manufacturing Outlook 29.00 28.00 points Mar 2026
Tertiary Industry Index MoM 106.30 104.50 points Jan 2026


Japan Capital Spending
Capital Spending in Japan refers to a year-on-year change in capital investments of private profit-making corporations with capital of 10 million yen or over. The survey includes all industries except finance and insurance.
Actual Previous Highest Lowest Dates Unit Frequency
6.50 2.90 16.40 -25.33 2008 - 2025 percent Quarterly

News Stream
Japan Q4 Capital Spending Rises More than Estimated
Japanese companies increased capital spending by 6.5% in Q4 2025, sharply picking up from 2.9% in the previous period and exceeding market expectations of 3.0%. The latest result marked the fourth straight quarter of growth, reflecting stronger corporate confidence. Non-manufacturing investment significantly accelerated (10.1% vs 3.9% in Q3), boosted by a solid rebound in construction (14.9%) and further gains in real estate (40.7%), goods rental and leasing (26.0%), and services (2.5%). In contrast, manufacturing outlays stagnated following a 1.4% growth previously, as gains in food(13.6%), chemical products (18.7%), iron and steel (13.4%), and fabrucated metal products (25.5%) offset declines in petroleum and coal (-14.9%), production machinery (-6.7%), and information and communications (-38.2%).
2026-03-03
Japan Q3 Capital Spending Rises Less than Expected
Japanese companies increased capital spending by 2.9% in Q3 2025, sharply slowing from 7.6% in the previous period and missing market expectations of 5.9%. The latest result marked the slowest rise in three quarters amid weaker manufacturing investment, softer overseas demand, and the impact of rising U.S. tariffs. Manufacturing investment weakened sharply (1.4% vs 16.4% in Q2), dragged down by declines in chemical products (-0.6%), production machinery (-3.0%), and information and communication equipment (-43.2%). In contrast, non-manufacturing outlays accelerated (3.9% vs 3.0%), supported largely by solid gains in real estate (14.2%), goods rental and leasing (13.8%), and information and communication services (26.8%).
2025-12-01
Japan Q2 Capital Spending Above Expectations
Japanese companies increased capital spending on plant and equipment by 7.6% in the second quarter of 2025, accelerating from 6.4% in the previous quarter and surpassing market expectations of 6.2%. The growth was broad-based, with both manufacturing and non-manufacturing sectors contributing to the expansion. Investment in the manufacturing sector surged 16.4%, driven by strong spending across key industries, while the non-manufacturing sector posted a more modest 3% rise. Among individual industries, the largest gains were recorded in petroleum and coal products (49.1%), transportation equipment (43.4%), food (38.2%), iron and steel (37.2%), and production machinery (35.8%). The robust pace of capital investment underscores renewed corporate confidence and suggests stronger support for Japan’s broader economic recovery momentum in the months ahead.
2025-09-01