Japanese companies increased capital spending by 2.9% in Q3 2025, sharply slowing from 7.6% in the previous period and missing market expectations of 5.9%. The latest result marked the slowest rise in three quarters amid weaker manufacturing investment, softer overseas demand, and the impact of rising U.S. tariffs. Manufacturing investment weakened sharply (1.4% vs 16.4% in Q2), dragged down by declines in chemical products (-0.6%), production machinery (-3.0%), and information and communication equipment (-43.2%). In contrast, non-manufacturing outlays accelerated (3.9% vs 3.0%), supported largely by solid gains in real estate (14.2%), goods rental and leasing (13.8%), and information and communication services (26.8%). source: Ministry of Finance, Japan

Private Investment in Japan decreased to 2.90 percent in the third quarter of 2025 from 7.60 percent in the second quarter of 2025. Private Investment in Japan averaged 1.00 percent from 2008 until 2025, reaching an all time high of 16.40 percent in the fourth quarter of 2023 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 February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-31 11:50 PM
Capital Spending YoY
Q2 7.6% 6.4% 6.2% 6.0%
2025-11-30 11:50 PM
Capital Spending YoY
Q3 2.9% 7.6% 5.9% 7.2%
2026-03-02 11:50 PM
Capital Spending YoY
Q4 2.9% 2.3%


Related Last Previous Unit Reference
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Capacity Utilization MoM 101.30 100.00 points Dec 2025
Car Production 587348.00 699029.00 Units Nov 2025
Car Registrations 200047.00 181628.00 Units Jan 2026
Cement Production 3998.00 3945.00 Thousands of Tonnes Dec 2025
Changes in Inventories -242.40 819.20 JPY Billion Dec 2025
Coincident Index 114.50 114.90 points Dec 2025
Composite Leading Indicator 100.50 100.41 points Jan 2026
Corporate Profits 27538.53 35833.77 JPY Billion Sep 2025
Corruption Index 71.00 71.00 Points Dec 2025
Corruption Rank 18.00 20.00 Dec 2025
Eco Watchers Survey Current 47.60 47.70 points Jan 2026
Eco Watchers Survey Outlook 50.10 49.50 points Jan 2026
Industrial Production YoY 2.60 -2.20 percent Dec 2025
Industrial Production MoM -0.10 -2.70 percent Dec 2025
Leading Economic Index 110.20 109.90 Points Dec 2025
Machine Tool Orders YoY 145587.00 158240.00 JPY Million Jan 2026
Machinery Orders MoM 19.10 -11.00 percent Dec 2025
Manufacturing Production 2.60 -2.20 percent Dec 2025
Mining Production -4.80 -3.00 percent Dec 2025
New Orders 1019.14 1145.61 JPY Billion Nov 2025
Capital Spending YoY 2.90 7.60 percent Sep 2025
Reuters Tankan Index 13.00 7.00 points Feb 2026
Tankan Small Manufacturers Index 6.00 1.00 points Dec 2025
Steel Production 6600.00 6800.00 Thousand Tonnes Dec 2025
Tankan Large All Industry Capex 12.60 12.50 percent Dec 2025
Tankan Large Manufacturing Outlook 15.00 12.00 points Dec 2025
Tankan Non-Manufacturing Outlook 28.00 28.00 points Dec 2025
Tertiary Industry Index MoM 104.80 105.50 points Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
2.90 7.60 16.40 -25.33 2008 - 2025 percent Quarterly

News Stream
Japan Q3 Capital Spending Rises Less than Expected
Japanese companies increased capital spending by 2.9% in Q3 2025, sharply slowing from 7.6% in the previous period and missing market expectations of 5.9%. The latest result marked the slowest rise in three quarters amid weaker manufacturing investment, softer overseas demand, and the impact of rising U.S. tariffs. Manufacturing investment weakened sharply (1.4% vs 16.4% in Q2), dragged down by declines in chemical products (-0.6%), production machinery (-3.0%), and information and communication equipment (-43.2%). In contrast, non-manufacturing outlays accelerated (3.9% vs 3.0%), supported largely by solid gains in real estate (14.2%), goods rental and leasing (13.8%), and information and communication services (26.8%).
2025-12-01
Japan Q2 Capital Spending Above Expectations
Japanese companies increased capital spending on plant and equipment by 7.6% in the second quarter of 2025, accelerating from 6.4% in the previous quarter and surpassing market expectations of 6.2%. The growth was broad-based, with both manufacturing and non-manufacturing sectors contributing to the expansion. Investment in the manufacturing sector surged 16.4%, driven by strong spending across key industries, while the non-manufacturing sector posted a more modest 3% rise. Among individual industries, the largest gains were recorded in petroleum and coal products (49.1%), transportation equipment (43.4%), food (38.2%), iron and steel (37.2%), and production machinery (35.8%). The robust pace of capital investment underscores renewed corporate confidence and suggests stronger support for Japan’s broader economic recovery momentum in the months ahead.
2025-09-01
Japan Q1 Capital Spending Surges Past Expectations
Capital expenditure by Japanese companies rose sharply in the first quarter of 2025 ahead of the imposition of US tariffs, climbing 6.4% year-on-year. This marks a strong rebound from the 0.2% decline recorded in the previous quarter and significantly surpasses market expectations for a 3.8% increase. The growth was broad-based, with both manufacturing and non-manufacturing sectors contributing to the upswing. Capital spending in the manufacturing sector rose by 4.2%, while the non-manufacturing sector posted a stronger gain of 7.6%. Among individual industries, the largest increases were seen in petroleum and coal products (+33.3%), information and communications (+25.2%), iron and steel (+21.8%), transport and postal services (+19.3%), and food (+13.1%). The robust capital investment signals renewed corporate confidence and may support Japan’s broader economic recovery momentum.
2025-06-02