NTT, Toyota lead record year for Japan capex with AI, factory investments

Business trendsNippon Steel and Honda also spend big to retool productionAn NTT Data Group data center in Japan. (NTT Global Data Centers Japan)Nikkei staff writersAugust 3, 2026 03:11 JSTTOKYO -- Capital spending by big Japanese companies is on track to reach an all-time high this fiscal year, propelled by investment in data centers, chipmaking, power grids and other fields related to artificial intelligence.