One-Third of Primary Kyushu Companies to Cut Capital Investments
The Kyushu Branch of the Development Bank of Japan revealed the results of an emergency survey it conducted of 224 Kyushu companies. They report that 32% of the surveyed companies plan to reduce their investment in plants and equipment this year from the amounts allocated in their original budget. The ratio rises to 60% when only automobile and semiconductor companies are considered. The cutbacks are attributed to the worsening global economic climate.