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). source: Ministry of Finance, Japan

Private Investment in Japan averaged -0.66 percent from 2008 until 2020, 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 March of 2021.

Private Investment in Japan is expected to be 2.90 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 3.40 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
-4.80 -10.60 12.80 -25.33 2008 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-26 11:50 PM Capital Spending YoY Final Q1 0.1% -3.5% 4.3%
2020-08-31 11:50 PM Capital Spending YoY Q2 -11.3% 0.1% -7.2%
2020-11-30 11:50 PM Capital Spending YoY Q3 -10.6% -11.3% -3.6%
2021-03-01 11:50 PM Capital Spending YoY Q4 -4.8% -10.6% -5.5%
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News Stream
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 Rebounds
Japanese companies raised spending on plant and equipment by 4.3 percent year-on-year in the first quarter of 2020, after a 3.5 percent cut in the previous period. Investment rebounded for non-manufacturing (6.2 percent vs -0.1 percent in Q4), driven by production, transmission, and distribution of electricity (39.2 percent vs -28.5 percent) and real estate (20.5 percent vs -22.8 percent). In addition, investment of manufacturing companies rose (0.6 percent vs -9.0 percent), particularly petroleum and coal products (80.9 percent vs 16.8 percent).
2020-06-01

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.