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Cabinet Office survey finds 70% of listed companies plan to increase employment, capital investment

  • March 6, 2022
  • , Yomiuri , p. 4
  • JMH Translation

The Cabinet Office has released the results of its Annual Survey of Corporate Behavior, which is designed to assess the business prospects, employment, and capital investment trends at listed companies. Seventy percent of the about 1,100 companies that responded to the poll said they will increase capital investment and employment over the next three years. The survey findings suggest that many companies are pinning their hopes on an economic recovery after the coronavirus pandemic.

 

The survey was conducted from December last year to January this year. The percentage of companies that said they will increase capital spending over the next three years rose by 13.1 percentage points from last year’s survey to 74.7%. It was the second highest figure since the survey began to ask the question in fiscal 1987. By industry, precision and electrical equipment manufacturers gave forward-looking responses to the question, spurred by digitalization of society.

 

The percentage of companies that said they will increase employment over the next three years rose by 10.4 percentage points from the previous survey to 70.1%, the highest figure since the survey began to ask the question in fiscal 1992. The Cabinet Office says the results indicate that a structural labor shortage is prompting companies to expand employment, although they were cautious about doing so during the pandemic. (Abridged)

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