Reuters survey: 40% of firms plan to boost capital expenditure

From the latest Reuters Corporate Survey in Japan, finds 40% of firms plan to raise capex, while 49% plan to keep it current levels

Survey of 516 big and medium-sized firms, conducted on July 1-15 for Reuters by Nikkei Research

On capex plans:

"This is a positive surprise. Companies are aiming to boost investment at home in anticipation of higher demand," said Taro Saito, director of economic research at NLI Research Institute, who reviewed the results.

"Capex plans look really strong but the question is whether they are going to be implemented. I have doubts when seeing that sales are already undershooting plans."

Boosting capex may indicate a loosening of the 'deflationary mindset' that Kuroda and friends at the BOJ have been fighting