22 March 2001, 15:18 Development Bank sees Japan capital spending down 5.2% in FY01
Tokyo, March 22 (BridgeNews) - Japan's capital investment is expected
to fall 5.2% from a year earlier in fiscal 2001-02 (April-March),
according to a survey conducted by the Development Bank of Japan. However,
FY2000 capital investment will likely increase 7.8% on the year, it said.
The survey result for FY2001 apparently reflects the recent deterioration
of exports and production along with the slowing U.S. and Asian economies.
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