According to The Jiji News, major Japanese companies plan to spend 20,615.2 billion yen on plants and equipment in the country in fiscal 2023, which started in April, up 20.7 pct from the previous year, a survey released Thursday by the Development Bank of Japan showed.
The survey showed that domestic capital spending by major Japanese companies in fiscal 2023 will mark the second straight year of growth and recover to pre-pandemic levels. https://sp.m.jiji.com/english/show/27723
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