Japanese companies cut spending on plant and equipment by 3.5 percent year-on-year in the fourth quarter of 2019, following a 7.1 percent rise in the previous three-month period and missing market expectations of a 1.6 percent gain. It was the steepest decline in corporate capital spending since the first quarter of 2013, as investment of manufacturing firms plunged 9.0 percent (vs 6.4 percent in Q3), led by information & communication electronics equipment, transport equipment, chemical & allied products, production machinery, fabricated metal products, and iron & steel. Also, investment of non-manufacturing companies edged down 0.1 percent (vs 7.6 percent in Q3) due to real estate, goods rental & leasing, and production, transmission & distribution of electricity.

Private Investment in Japan averaged -0.23 percent from 2008 until 2019, reaching an all time high of 12.80 percent in the second quarter of 2018 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 May of 2020. source: Ministry of Finance, Japan

Private Investment in Japan is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Investment in Japan to stand at 2.90 in 12 months time. In the long-term, the Japan Capital Spending is projected to trend around 3.40 percent in 2021, according to our econometric models.

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Japan Capital Spending

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 7.10 12.80 -25.33 2008 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-06-02 11:50 PM Q1 6.1% 5.7% 11.6% 6.5%
2019-09-01 11:50 PM Q2 1.9% 6.1% 4.4%
2019-12-01 11:50 PM Q3 7.1% 1.9% 2.8%
2020-03-01 11:50 PM Q4 -3.5% 7.1% 1.6% 4.5%
2020-05-31 11:50 PM Q1 -3.5% -6.2%
2020-08-31 11:50 PM Q2 5.1%
2020-11-30 11:50 PM Q3 3.6%


News Stream
Japan Capital Spending Falls the Most in 7 Years
Japanese companies cut spending on plant and equipment by 3.5 percent year-on-year in the fourth quarter of 2019, following a 7.1 percent rise in the previous three-month period and missing market expectations of a 1.6 percent gain. It was the steepest decline in corporate capital spending since the first quarter of 2013, as investment of manufacturing firms plunged 9.0 percent (vs 6.4 percent in Q3), led by information & communication electronics equipment, transport equipment, chemical & allied products, production machinery, fabricated metal products, and iron & steel. Also, investment of non-manufacturing companies edged down 0.1 percent (vs 7.6 percent in Q3) due to real estate, goods rental & leasing, and production, transmission & distribution of electricity.
2020-03-01
Japan Q3 Capital Spending Rises the Most in Over a Year
Japanese companies raised spending on plant and equipment by 7.1 percent year-on-year in the third quarter of 2019, following a 1.9 percent gain in the previous period. This was the strongest growth in corporate capital spending in over a year, as investment of manufacturing rebounded (7.7 percent vs -1.7 percent in Q2), boosted by petroleum and coal products (5.9 percent vs -48.7 percent), fabricated metal products (2.8 percent vs -1.2 percent), production machinery (18.6 percent vs -3.5 percent), electrical machinery, equipment (5.5 percent vs -9.2 percent), and information & communication electronics equipment (18.9 percent vs -43.4 percent). Also, investment of non-manufacturing companies grew further (7.6 percent vs 7 percent), driven by wholesale & retail trade (17.1 percent vs 7.8 percent), and production ,transmission and distribution of electricity (10.7 percent vs -23 percent).
2019-12-02
Japan Q2 Capital Spending Rises the Least in 2 Years
Japanese companies raised spending on plant and equipment by 1.9 percent year-on-year in the second quarter 2019, slowing sharply from a 6.1 percent gain in the previous period. This was the weakest yearly growth in corporate capital spending since a 1.5 percent rise in Q2 2017, amid ongoing Sino-US trade row and slowing global growth. Investment of manufacturing firms fell for the first time in two years (-1.7% vs 6.9% in Q1), mainly weighed down by petroleum and coal products (-48.7% vs 12.1%); fabricated metal products (-1.2% vs 23.2%); general-purpose machinery (-25.3% vs 45.8%); electrical machinery, equipment (-9.2% vs 1%); and transport equipment (-2.6% vs 3.2%). Meanwhile, investment of non-manufacturing companies grew further (7% vs 5%), mostly driven by construction (7.7% vs 15.3%); wholesale & retail trade (7.8% vs -5.8%); real estate (45.5% vs 2.9%); goods rental & leasing (29.4% vs 47.7%); and information & communications (12.5% vs 1.3%).
2019-09-02
Japan Business Spending Growth Accelerates in Q1
Japanese companies raised spending on plant and equipment by 6.1 percent year-on-year in the first quarter of 2019, more than a 5.7 percent increase in the previous period but missing market expectations of 11.6 percent growth. Investment of manufacturing companies rose sharply (8.5 percent vs 10.9 percent in Q4), mainly led by chemicals (42.1 percent vs 21.6 percent), production machinery (43.1 percent vs 24.1 percent), fabricated metal products (23.2 percent vs 16.7 percent), and iron & steel (12.6 percent vs 8.4 percent). By contrast, investment of transport equipment companies plunged (-6.5 percent vs 60.3 percent). Growth in investment of non-manufacturing companies accelerated (5 percent vs 2.7 percent), driven by spending on goods rental & leasing (47.7 percent vs 27.8 percent), transport & postal activities (12.9 percent vs 5.8 percent), production & distribution of electricity (10 percent vs 8.2 percent), and construction (15.3 percent vs -1.2 percent).
2019-06-03

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.