Japanese companies' spending on plant and equipment was unchanged from a year earlier in Q1 2026, reversing from a 6.5% increase in the previous quarter and ending a four-quarter streak of growth, signaling a loss of momentum in corporate investment. Capital expenditure in the manufacturing sector declined 0.4% after being flat in Q4, weighed down by lower spending in chemical products (-2.9%), fabricated metal products (-25.2%), business-oriented machinery (-8.6%), information and communication (-18.5%), and transport equipment (-7.6%). Meanwhile, non-manufacturing investment edged up 0.3%, supported by gains in wholesale and retail trade (2.1%), goods rental and leasing (37.6%), information and communication (6.2%), transport and postal activities (0.4%), and electricity production, transmission, and distribution (18.0%). The mixed performance suggests firms remained selective in their investment plans amid an uncertain economic environment. source: Ministry of Finance, Japan

Private Investment in Japan decreased to 0 percent in the first quarter of 2026 from 6.50 percent in the fourth quarter of 2025. Private Investment in Japan averaged 1.07 percent from 2008 until 2026, 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 June of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
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 0% 6.5% 4.1% 5.0%
2026-08-31 11:50 PM
Capital Spending YoY
Q2 0%


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Coincident Index 117.90 116.80 points Apr 2026
Composite Leading Indicator 100.34 100.28 points Apr 2026
Corporate Profits 32627.09 30027.03 JPY Billion Mar 2026
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Eco Watchers Survey Current 40.80 42.20 points Apr 2026
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Industrial Production YoY 2.30 2.40 percent Apr 2026
Industrial Production MoM 0.80 -0.40 percent Apr 2026
Leading Economic Index 115.90 115.40 Points Apr 2026
Machine Tool Orders YoY 188971.00 193506.00 JPY Million Apr 2026
Machinery Orders MoM -9.40 13.60 percent Mar 2026
Manufacturing Production 2.30 2.50 percent Apr 2026
Mining Production -8.70 -4.20 percent Apr 2026
New Orders 1177.64 1254.29 JPY Billion Mar 2026
Capital Spending YoY 0.00 6.50 percent Mar 2026
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Steel Production 6600.00 6900.00 Thousand Tonnes Apr 2026
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Tankan Large Manufacturing Outlook 14.00 15.00 points Mar 2026
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Tertiary Industry Index MoM 105.70 105.90 points Mar 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
0.00 6.50 16.40 -25.33 2008 - 2026 percent Quarterly

News Stream
Japan Q1 Capital Spending Stalls
Japanese companies' spending on plant and equipment was unchanged from a year earlier in Q1 2026, reversing from a 6.5% increase in the previous quarter and ending a four-quarter streak of growth, signaling a loss of momentum in corporate investment. Capital expenditure in the manufacturing sector declined 0.4% after being flat in Q4, weighed down by lower spending in chemical products (-2.9%), fabricated metal products (-25.2%), business-oriented machinery (-8.6%), information and communication (-18.5%), and transport equipment (-7.6%). Meanwhile, non-manufacturing investment edged up 0.3%, supported by gains in wholesale and retail trade (2.1%), goods rental and leasing (37.6%), information and communication (6.2%), transport and postal activities (0.4%), and electricity production, transmission, and distribution (18.0%). The mixed performance suggests firms remained selective in their investment plans amid an uncertain economic environment.
2026-06-01
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