Major Japanese firms' capital spending set for sharpest rise in 38 yrs

Major Japanese companies plan to increase domestic capital investment by 21.6 percent in the current fiscal year from the preceding year, the sharpest rise in 38 years, a Development Bank of Japan survey showed Wednesday.In fiscal 2018 through next March, both the manufacturing and non-manufacturing sectors are expected to boost domestic investment spending, for example on expanding car production lines and to introduce labor-savor facilities to deal with a national manpower shortage, according to the survey.It is the seventh consecutive year of increase in planned domestic capital investme…READ FULL ARTICLE