TOKYO — Japanese corporations are on track to spend a record 34.26 trillion yen ($234 billion) in capital expenditures this fiscal year, with Nippon Telegraph and Telephone emerging as the biggest spender driven by artificial intelligence infrastructure.
The figure represents a 12.4% jump from fiscal 2024, marking a second consecutive record, according to Nikkei survey of listed companies and major businesses capitalized at 100 million yen or more.
