Corporate Japan sharply raised its capital spending plans in the second quarter of 2026, signaling a notable rebound in investment appetite among major firms. According to the latest Tankan survey, released on 30 June 2026, planned capital expenditure by all big industries jumped to 11.5% in the second quarter, up from 3.3% in the first quarter of 2026.
The strong rise in the Tankan All Big Industry CAPEX indicator suggests large Japanese companies are committing more aggressively to investment, after a comparatively modest outlook earlier in the year. The jump from the first-quarter reading may point to increased confidence in the business environment, as firms allocate more resources to capacity expansion, upgrades, and longer-term projects. Investors and policymakers will be watching subsequent surveys closely to see whether this momentum in corporate spending can be sustained through the rest of 2026.
