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02.03.202623:50:00UTC+00Japan’s Capital Spending Surges 6.5% YoY in Q4 2025, More Than Doubling Prior Quarter’s Growth

Japan’s corporate capital spending accelerated sharply in the fourth quarter of 2025, rising 6.5% year-over-year, according to data updated on 2 March 2026. The latest reading shows a marked strengthening from the third quarter of 2025, when capital expenditure grew 2.9% compared with a year earlier.

The figures are based on year-over-year comparisons, with the current indicator measuring the change in Q4 2025 relative to the same quarter a year before, and the previous indicator reflecting Q3 2025 against its year-earlier period. The more than doubling of the growth rate from 2.9% to 6.5% suggests a notable pickup in investment momentum by Japanese firms toward the end of 2025, potentially signaling greater corporate confidence in the economic outlook.

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