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.
- Local News
- One-Third of Primary Kyushu Companies to Cut Capital Investments