A majority of Japanese firms plan to focus their capital spending on technology next year, with investment plans largely unaffected by a plunge in the yen, a Reuters monthly poll has shown.

While overall pessimism about the economic outlook remains, the survey backs up reports by the Japanese government and central bank last month that the capital expenditure outlook is turning up.

Among 495 companies polled, 52% said digitalization and information technology would be a focus for capital investment in fiscal 2023, a trend particularly strong among nonmanufacturers.