Business and Investment Survey of Incorporated Enterprises
(Summary)
June 2001
This survey was conducted on June 25, using a sample of 4,501 companies capitalized at 100 million yen or more, of which 90.9% percent responded.
(Table 1) BSI on domestic economic conditions on an all-Industry basis

(Seasonally adjusted ;%)
               BSI
      (A) (B) (C) (D)
1984 Apr.-Jun. 38 59 3 35
   Jul.-Sep. 37 58 5 32
   Oct.-Dec. 35 63 2 33
1985 Jan.-Mar. 28 72 0 28
   Apr.-Jun. 21 74 5 16
   Jul.-Sep. 12 77 11 1
   Oct.-Dec. 5 71 24 -19
1986 Jan.-Mar. 5 58 37 -32
   Apr.-Jun. 4 53 43 -39
   Jul.-Sep. 3 48 49 -46
   Oct.-Dec. 2 54 44 -42
1987 Jan.-Mar. 4 61 35 -31
   Apr.-Jun. 7 74 19 -12
   Jul.-Sep. 27 65 8 19
   Oct.-Dec. 37 59 4 33
1988 Jan.-Mar. 46 53 1 45
   Apr.-Jun. 44 54 2 42
   Jul.-Sep. 35 60 5 30
   Oct.-Dec. 34 65 1 33
1989 Jan.-Mar. 32 68 0 32
   Apr.-Jun. 26 69 5 21
   Jul.-Sep. 24 70 6 18
   Oct.-Dec. 28 72 0 28
1990 Jan.-Mar. 21 79 0 21
   Apr.-Jun. 16 78 6 10
   Jul.-Sep. 13 79 8 5
   Oct.-Dec. 8 83 9 -1
1991 Jan.-Mar. 7 78 15 -8
   Apr.-Jun. 6 74 20 -14
   Jul.-Sep. 3 71 26 -23
   Oct.-Dec. 2 47 51 -49
1992 Jan.-Mar. 2 33 65 -63
   Oct.-Dec. 2 47 51 -49
   Jan.-Mar. 2 33 65 -63
   Oct.-Dec. 1 48 51 -50
1993 Jan.-Mar. 2 48 50 -48
   Apr.-Jun. 6 67 27 -21
   Jul.-Sep. 0 61 39 -39
   Oct.-Dec. 1 52 47 -46
1994 Jan.-Mar. 3 75 22 -19
   Apr.-Jun. 7 78 15 -8
   Jul.-Sep. 22 72 6 16
   Oct.-Dec. 25 73 2 23
1995 Jan.-Mar. 13 76 11 2
   Apr.-Jun. 8 75 17 -9
   Jul.-Sep. 5 81 14 -9
   Oct.-Dec. 9 86 5 4
1996 Jan.-Mar. 17 80 3 14
   Apr.-Jun. 23 72 5 18
   Jul.-Sep. 12 84 4 8
   Oct.-Dec. 13 84 3 10
1997 Jan.-Mar. 15 79 6 9
   Apr.-Jun. 6 71 23 -17
   Jul.-Sep. 6 82 12 -6
   Oct.-Dec. 2 48 50 -48
1998 Jan.-Mar. 1 49 50 -49
   Apr.-Jun. 0 43 57 -57
   Jul.-Sep. 0 38 62 -62
   Oct.-Dec. 1 57 42 -41
1999 Jan.-Mar. 3 73 24 -21
   Apr.-Jun. 6 83 11 -5
   Jul.-Sep. 12 81 7 5
   Oct.-Dec. 11 80 9 2
2000 Jan.-Mar. 12 84 4 8
   Apr.-Jun. 16 81 3 13
   Jul.-Sep. 18 79 3 15
   Oct.-Dec. 8 80 12 -4
2001 Jan.-Mar. 4 61 35 -31
   Apr.-Jun. 1 60 39 -38
   *Jul.-Sep. 2 69 29 -27
   *Oct.-Dec. 9 70 21 -12

(Note)
(A); The percentage of companies saying that domestic economic conditions are rising compared with the previous quarter.
(B); The percentage of companies saying that domestic economic conditions are unchanged.
(C); The percentage of companies saying that domestic economic conditions are declining compered with the previos quarter.
(D); (D)=(A)-(C) , BSI : Business Survey Index .
* Companies answered economic conditions of next two consecutive quarters.Thus the BSI figures of Jul.-Sep.and Oct.-Dec. of 2001 are outlook.

(Table 2) Capital spending on a half-year basis

(100 million yen,%)
      All-Industries Manufacturing Non-manufacturing All-Industries Manufacturing Non-manufacturing
1984 Jul.-Dec. 111,499 50,281 61,219 - - -
1985 Jan.-Jun. 115,957 51,127 64,830 - - -
   Jul.-Dec. 130,222 55,402 74,821 16.8 10.2 22.2
1986 Jan.-Jun. 123,002 51,522 71,481 6.1 0.8 10.3
   Jul.-Dec. 127,642 49,000 78,642 -2.0 -11.6 5.1
1987 Jan.-Jun. 129,817 47,318 82,498 5.5 -8.2 15.4
   Jul.-Dec. 40,420 51,929 88,491 10.0 6.0 12.5
1988 Jan.-Jun. 155,793 58,906 96,887 20.0 24.5 17.4
   Jul.-Dec. 173,218 67,456 105,762 23.4 29.9 19.5
1989 Jan.-Jun. 197,388 77,393 119,995 26.7 31.4 23.9
   Jul.-Dec. 218,871 86,018 132,852 26.4 27.5 25.6
1990 Jan.-Jun. 232,748 91,258 141,491 17.9 17.9 17.9
   Jul.-Dec. 247,563 101,312 146,251 13.1 17.8 10.1
1991 Jan.-Jun. 250,838 101,490 149,348 7.8 11.2 5.6
   Jul.-Dec. 262,778 107,363 155,414 6.1 6.0 6.3
1992 Jan.-Jun. 254,245 97,307 156,938 1.4 -4.1 5.1
   Jul.-Dec. 241,739 87,807 153,932 -8.0 -18.2 -1.0
1993 Jan.-Jun. 230,177 78,410 151,768 -9.5 -19.4 -3.3
   Jul.-Dec. 215,340 73,530 141,810 -10.9 -16.3 -7.9
1994 Jan.-Jun. 213,604 64,680 148,924 -7.2 -17.5 -1.9
   Jul.-Dec. 204,004 62,000 142,004 -5.3 -15.7 0.1
1995 Jan.-Jun. 201,225 63,545 137,680 -5.8 -1.8 -7.6
   Jul.-Dec. 204,344 65,276 139,067 0.2 5.3 -2.1
1996 Jan.-Jun. 215,198 69,698 145,499 6.9 9.7 5.7
   Jul.-Dec. 223,633 73,864 149,769 9.4 13.2 7.7
1997 Jan.-Jun. 230,194 77,213 152,981 7.0 10.8 5.1
   Jul.-Dec. 225,112 79,221 145,891 0.7 7.3 -2.6
1998 Jan.-Jun. 223,612 79,167 144,445 -2.9 2.5 -5.6
   Jul.-Dec. 215,132 76,170 138,962 -4.4 -3.9 -4.7
1999 Jan.-Jun. 208,829 71,997 136,832 -6.6 -9.1 -5.3
   Jul.-Dec. 203,600 66,885 136,715 -5.4 -12.2 -1.6
2000 Jan.-Jun. 212,102 68,329 143,774 1.6 -5.1 5.1
   Jul.-Dec. 214,858 74,100 140,758 5.5 10.8 3.0
2001 Jan.-Jun. 221,824 76,309 145,514 4.6 11.7 1.2
   Jul.-Dec. 208,481 70,934 137,547 -3.0 -4.3 -2.3