The Kyushu branch of the Development Bank of Japan released the figures from its survey of capital investment trends in the seven regional prefectures for FY 2009. The projected aggregate amount of capital investment for the current year is expected to be 946.4 billion yen, a 22.7% drop from the previous year and the second consecutive decline. The 38.5% fall in capital investment for the manufacturing industries, primarily autos and semiconductors, exceeds the national average. This is the second-largest projected decline reported, following the sharp drop in 1977 caused by yen appreciation.
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- Kyushu Capital Investment Plunges 22%