Japanese companies cut spending on plant and equipment by 7.8% yoy in Q1 2021, following a 4.8 percent decrease in Q4 2020. This was the fourth straight quarter of drop in private investment, amid the ongoing COVID-19 crisis. Manufacturing companies' investment continued to fall (-6.4% vs -8.5% in Q4), particularly due to food (-6.6% vs -10.7%), petroleum products (-24.1% vs 28.8%), iron & steel (-16.1% vs -4.7%), fabricated metal products (-20.7% vs -37.7%), production machinery (-9.1% vs -14.1%), and transport equipment (-25.6% vs -8.5%). In contrast, investment rose for chemicals products (1.7% vs 22.4%) and information and communication (9.3% percent vs 6.4%). Within non-manufacturing (-2.6 percent vs -10.8 percent), capital spending was down mainly for construction (-7.6% vs 24.5%), real estate (-41.5% vs -4.5%), goods rental & leasing (-24% vs -22%), transport (-16.4% vs -15.1%), and services (-6.2% vs -10.1%). source: Ministry of Finance, Japan

Private Investment in Japan averaged -0.80 percent from 2008 until 2021, 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 June of 2021.

Private Investment in Japan is expected to be 8.50 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 2.10 in 12 months time. In the long-term, the Japan Capital Spending is projected to trend around 3.40 percent in 2022, according to our econometric models.

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Japan Capital Spending

Actual Previous Highest Lowest Dates Unit Frequency
-7.80 -4.80 12.80 -25.33 2008 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 11:50 PM Q2 -11.3% 0.1% -7.2%
2020-11-30 11:50 PM Q3 -10.6% -11.3% -3.6%
2021-03-01 11:50 PM Q4 -4.8% -10.6% -5.5%
2021-05-31 11:50 PM Q1 -7.8% -4.8% -6%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Japan Q1 Capital Spending Extends Fall
Japanese companies cut spending on plant and equipment by 7.8% yoy in Q1 2021, following a 4.8 percent decrease in Q4 2020. This was the fourth straight quarter of drop in private investment, amid the ongoing COVID-19 crisis. Manufacturing companies' investment continued to fall (-6.4% vs -8.5% in Q4), particularly due to food (-6.6% vs -10.7%), petroleum products (-24.1% vs 28.8%), iron & steel (-16.1% vs -4.7%), fabricated metal products (-20.7% vs -37.7%), production machinery (-9.1% vs -14.1%), and transport equipment (-25.6% vs -8.5%). In contrast, investment rose for chemicals products (1.7% vs 22.4%) and information and communication (9.3% percent vs 6.4%). Within non-manufacturing (-2.6 percent vs -10.8 percent), capital spending was down mainly for construction (-7.6% vs 24.5%), real estate (-41.5% vs -4.5%), goods rental & leasing (-24% vs -22%), transport (-16.4% vs -15.1%), and services (-6.2% vs -10.1%).
2021-05-31
Japan Capital Spending Falls For 3rd Straight Quarter
Japanese companies cut spending on plant and equipment by 4.8 percent year-on-year in the fourth quarter of 2020 following a 10.6 percent decrease in the previous three-month period, amid the ongoing coronavirus crisis. Manufacturing companies' investment continued to fall (-8.5 percent vs -10.3 percent in Q3), particularly due to food (-29.2 percent vs -15.2 percent), transport equipment (-8.5 percent vs -12.9 percent), and electrical machinery, equipment and supplies (-23.8 percent vs -29.1 percent). In contrast, investment rose for chemicals and related products (22.4 percent vs -4.6 percent) and information and communication electronics equipment (6.4 percent vs 13.3 percent). Within non-manufacturing (-2.6 percent vs -10.8 percent), capital spending was down mainly for services (-10.1 percent vs -22.8 percent) and transport and postal activities (-15.1 percent vs -6.7 percent).
2021-03-02
Japan Capital Spending Plummets 11.3% YoY
Japanese companies cut spending on plant and equipment by a sharp 11.3 percent year-on-year in the second quarter of 2020 following a 0.1 percent increase in the previous quarter, as the pandemic weighed heavily. Manufacturing companies' investment continued to fall (-9.7 percent vs -5.3 percent in Q1), particularly due to fabricated metal products (-31.5 percent vs -7.6 percent), production machinery (-19.5 percent vs -2.4 percent), business-oriented machinery (-13.3 percent vs 26.7 percent), and transportation equipment (-6.6 percent vs -12.2 percent). In contrast, investment rebounded for information & communication equipment (11 percent vs -8.4 percent). Within non-manufacturing, capital spending softened in construction (3.3 percent vs 6.4 percent) and real estate (10.7 percent vs 28.2 percent).
2020-08-31
Japan Q1 Capital Spending Revised Lower
Japanese companies raised spending on plant and equipment by 0.1 percent year-on-year in the first quarter of 2020, compared with a preliminary figure of a 4.3 percent growth and after a 3.5 percent fall in the prior period. Manufacturing companies' investment continued to fall (-5.3 percent vs -9.0 percent in Q4), particularly due to fabricated metal products (-7.6 percent vs -14.0 percent), production machinery (-2.4 percent vs -3.0 percent), and information & communication (-8.4 percent vs -45.8 percent), while there were rises in investment in iron & steel (0.3 percent vs -6.0 percent) and business-oriented machinery (26.7 percent vs 54.5 percent). Meantime, non-manufacturing investment rebounded (2.9 percent vs -0.1 percent), driven by construction (6.4 percent vs -1.9 percent), real estate (28.2 percent vs -22.8 percent), and production, transmission, and distribution of electricity (0.5 percent vs -27.5 percent).
2020-07-27

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.