Actual fiscal 2001 capital outlays by Japanese firms are expected to shrink due to the effects of the Sept. 11 terrorist attacks in the United States despite corporate plans that would have resulted in a second year of increase, Industrial Bank of Japan said.
The bank’s survey of about 1,900 firms in late September found that capital expenditures they planned for the current fiscal year exceed those of the previous year by 0.4 percent, compared with a 6.9 percent growth rate in fiscal 2000.
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