Business and Investment Survey
of Incorporated Enterprises
(Summary)
 
March 2002

24 April 2002
Economic and Social Research Institute, Cabinet Office

Explanation of Business and Investment Survey of Incorporated Enterprises

    This survey was conducted on March 10, using a sample of 4,501 companies capitalized at 100 million yen or more, of which 90.3% 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
   Apr.-Jun. 1 42 57 -56
   Jul.-Sep. 0 37 63 -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. 2 76 22 -20
   Apr.-Jun. 7 77 16 -9
   Jul.-Sep. 22 72 6 16
   Oct.-Dec. 25 73 2 23
1995 Jan.-Mar. 12 77 11 1
   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 70 24 -18
   Jul.-Sep. 6 82 12 -6
   Oct.-Dec. 2 48 50 -48
1998 Jan.-Mar. 1 49 50 -49
   Apr.-Jun. 1 41 58 -57
   Jul.-Sep. 0 39 61 -61
   Oct.-Dec. 1 58 41 -40
1999 Jan.-Mar. 3 72 25 -22
   Apr.-Jun. 6 80 14 -8
   Jul.-Sep. 12 82 6 6
   Oct.-Dec. 12 82 6 6
2000 Jan.-Mar. 12 83 5 7
   Apr.-Jun. 15 79 6 9
   Jul.-Sep. 16 82 2 14
   Oct.-Dec. 9 82 9 0
2001 Jan.-Mar. 4 60 36 -32
   Apr.-Jun. 1 57 42 -41
   Jul.-Sep. 0 38 62 -62
   Oct.-Dec. 1 39 60 -59
2002 Jan.-Mar. 3 57 40 -37
   Apr.-Jun.(E) 4 68 28 -24
   Jul.-Sep.(E) 12 74 14 -2

   (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 .
(E) Companies answered economic conditions of next two consecutive quarters.Thus the BSI figures of Apr.-Jun. and Jul.-Sep.of 2002 are outlook.
 

(Table 2) Capital spending plan for FY2002


 (100 million yen,%)
   FY2000 FY2001 FY2002 FY2000 FY2001 FY2002
   (Actual) (Preliminary) (Plan) (Actual) (Preliminary) (Plan)
All Industries 430,980 414,205 376,719 2.6 -3.9 -9.1
Manufacturing 147,304 135,055 118,489 7.7 -8.3 -12.3
Basic materials 38,789 42,029 35,216 -1.9 8.4 -16.2
Textiles 1,958 2,005 1,594 -18.8 2.4 -20.5
Paper and paper products 3,297 3,448 2,881 10.3 4.6 -16.4
Chemicals and chemical products 15,334 16,499 15,142 -1.7 7.6 -8.2
Petroleum and coal products 1,493 2,131 2,107 -34.2 42.7 -1.1
Rubber and leather products 839 790 615 -4.5 -5.9 -22.1
Nonmetallic mineral products 4,733 4,704 3,614 5.1 -0.6 -23.2
Iron and steel 5,504 6,376 4,712 -10.5 15.8 -26.1
Non-ferrous metals 5,631 6,076 4,550 19.4 7.9 -25.1
Processing 108,516 93,026 83,272 11.6 -14.3 -10.5
Food and beverages 10,622 12,126 11,811 -0.9 14.2 -2.6
Fabricated metal products 3,850 3,145 3,316 0.8 -18.3 5.5
General machinery 6,131 6,181 5,435 -5.1 0.8 -12.1
Electrical machinery 51,739 33,007 25,084 36.1 -36.2 -24.0
Automobiles 14,451 14,875 14,629 -2.3 2.9 -1.7
Other transport equipment 1,664 1,630 1,364 -29.1 -2.0 -16.3
Precision Instruments 4,405 3,907 3,820 27.1 -11.3 -2.2
Other manufacturing 15,653 18,155 17,812 -11.3 16.0 -1.9
Non-manufacturing 283,676 279,150 258,230 0.1 -1.6 -7.5
Agriculture,forestry and fishing 212 117 118 91.6 -44.7 0.6
Mining 792 779 746 -0.7 -1.7 -4.2
Construction 3,585 3,168 2,623 -18.2 -11.6 -17.2
Wholesaling 10,772 11,757 10,730 13.1 9.1 -8.7
Retail trade,and eating and drinking places 18,109 14,305 14,756 8.6 -21.0 3.2
Finance and Insurance 16,720 20,218 20,330 10.8 20.9 0.6
Real estate 18,379 17,629 14,030 8.5 -4.1 -20.4
Transportation 19,570 19,661 20,143 -22.1 0.5 2.5
Communications 29,786 30,701 29,363 -5.2 3.1 -4.4
Electric and gas utilities 37,991 37,094 32,444 -22.0 -2.4 -12.5
Services 41,044 36,683 29,101 22.6 -10.6 -20.7
Leasing 86,717 87,038 83,847 6.8 0.4 -3.7


(Table 3) Capital spending on a half-year basis


(100 million yen,%)
      All Industries Manufacturing Non-manufacturing All Industries Manufacturing Non-manufacturing
FY1984 Apr.-Sep. 103,856 47,683 56,173 - - -
   Oct.-Mar. 115,424 51,186 64,237 - - -
FY1985 Apr.-Sep. 123,728 53,103 70,625 19.1 11.4 25.7
   Oct.-Mar. 129,083 53,620 75,463 11.8 4.8 17.5
FY1986 Apr.-Sep. 123,466 51,370 72,096 -0.2 -3.3 2.1
   Oct.-Mar. 131,275 47,057 84,219 1.7 -12.2 11.6
FY1987 Apr.-Sep. 128,628 48,538 80,090 4.2 -5.5 11.1
   Oct.-Mar. 153,152 56,574 96,578 16.7 20.2 14.7
FY1988 Apr.-Sep. 160,738 62,614 98,124 25.0 29.0 22.5
   Oct.-Mar. 196,233 75,606 120,626 28.1 33.6 24.9
FY1989 Apr.-Sep. 196,649 78,898 117,751 22.3 26.0 20.0
   Oct.-Mar. 236,103 89,611 146,492 20.3 18.5 21.4
FY1990 Apr.-Sep. 233,893 96,682 137,211 18.9 22.5 16.5
   Oct.-Mar. 254,659 102,996 151,663 7.9 14.9 3.5
FY1991 Apr.-Sep. 250,402 102,636 147,766 7.1 6.2 7.7
   Oct.-Mar. 266,047 103,649 162,398 4.5 0.6 7.1
FY1992 Apr.-Sep. 242,000 92,361 149,639 -3.4 -10.0 1.3
   Oct.-Mar. 247,844 86,480 161,363 -6.8 -16.6 -0.6
FY1993 Apr.-Sep. 209,342 70,704 138,639 -13.5 -23.4 -7.4
   Oct.-Mar. 223,722 72,957 150,765 -9.7 -15.6 -6.6
FY1994 Apr.-Sep. 200,748 61,232 139,516 -4.1 -13.4 0.6
   Oct.-Mar. 207,472 61,704 145,769 -7.3 -15.4 -3.3
FY1995 Apr.-Sep. 196,564 64,272 132,291 -2.1 5.0 -5.2
   Oct.-Mar. 218,970 69,197 149,774 5.5 12.1 2.7
FY1996 Apr.-Sep. 210,427 69,908 140,519 7.1 8.8 6.2
   Oct.-Mar. 237,700 77,991 159,709 8.6 12.7 6.6
FY1997 Apr.-Sep. 219,677 75,670 144,006 4.4 8.2 2.5
   Oct.-Mar. 231,289 83,503 147,786 -2.7 7.1 -7.5
FY1998 Apr.-Sep. 211,398 74,109 137,289 -3.8 -2.1 -4.7
   Oct.-Mar. 215,576 75,047 140,529 -6.8 -10.1 -4.9
FY1999 Apr.-Sep. 198,977 67,205 131,772 -5.9 -9.3 -4.0
   Oct.-Mar. 221,263 69,595 151,668 2.6 -7.3 7.9
FY2000 Apr.-Sep. 197,935 68,733 129,201 -0.5 2.3 -2.0
   Oct.-Mar. 233,046 78,571 154,475 5.3 12.9 1.9
FY2001 Apr.-Sep. 197,408 67,961 129,447 -0.3 -1.1 0.2
   Oct.-Mar. 216,797 67,094 149,703 -7.0 -14.6 -3.1
FY2002 Apr.-Sep. 187,008 61,129 125,879 -5.3 -10.1 -2.8
   Oct.-Mar. 189,711 57,360 132,351 -12.5 -14.5 -11.6