In the Nikkei this morning:

  • Japan's domestic demand-reliant companies are becoming more active on the capital investment front as business performance and personal spending pick up
  • Auto and electronics makers are the main drivers
  • These businesses this year plan to put more money into factory improvements, partly thanks to the weak yen
  • And as domestic demand-reliant businesses respond to stronger demand, they will help to further expand capital spending

Article is here (ungated)

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Reports like this out of Japan are yen supportive as, at the margin, they reduce the probability of further BOJ action