Publication of Survey on Planned Capital Spending for FY2022
Substantial Growth to Regain Pre-Pandemic Level: Buoyed by Resumed Investment and Spending on Carbon Neutrality, Digitization and Resilience
Development Bank of Japan Inc. (DBJ) is pleased to announce the publication of the findings of the Survey on Planned Capital Spending for FY2022.
The results of the survey point to a substantial increase (up 26.8%) in planned domestic capital spending by major companies in FY2022 to regain the pre-pandemic investment level of FY2019.
Our findings reveal the following characteristics regarding corporate behavior:
- Rising risks have prompted companies to take action to improve resilience including strengthening supply chains to ensure economic security such as by maintaining strategic inventories;
- Carbon-neutral investment, still led by renewable energy, energy conservation and electric vehicles, represents up to 13% of total planned capital spending, and 24% of planned R&D investment;
- R&D investment in Transport equipment, Chemicals, and Electric machinery remains in rapid growth while Transport equipment especially develops technologies for CASE and carbon nutralization.
Capital spending by region and by medium-sized firms shows the following characteristics:
- Double-digit increases in investment are expected in most regions, driven by the expansion of production capacity in the manufacturing sector, including for carbon neutrality;
- Most medium-sized firms are still struggling to find appropriate carbon-neutral actions, and have high expectations for support measures.
More details on the survey are available on the attached PDF below.
Please note that no information regarding individual firms will be provided by DBJ, as the survey is conducted under conditions of confidentiality and anonymity.
DBJ's reports are one of the ways in which it fulfills its corporate philosophy of "Design the Future with Financial Expertise: Continue to expand financial frontiers; Provide the best solutions for customers and society; Pursue sustainable development for Japan and the world."
Inquiries:
Chief Research Office
Economic & Industrial Research Department
Tel. +81-3-3244-1845 E-mail: capex@dbj.jp
Regional Research & Planning Department (information by region)
Tel. +81-3-3244-1633 E-mail: rpinv@dbj.jp