TOKYO -- Japanese companies have scaled down their capital investment plans for fiscal 2016, which started on April 1, despite annual expenditures expected to be above the level a year ago, according to a survey compiled on Saturday by the Nikkei.
The survey targeted 1,255 Japanese manufacturers and non-manufacturers which are either listed or capitalized at more than 100 million yen ($883,000). Their planned combined capital spending as of the end of October for this fiscal year is 26.0351 trillion yen, up 8.8% from the previous year, marking the seventh consecutive year of increase.
