Corporate sector Corporate profits have been at record high levels, but firms have been taking a cautious view on the outlook. Corporate profits in Japan reached record highs from fiscal 2013 through fiscal 2015, and have remained at high levels thereafter.
Under these circumstances, business fixed investment has been on a moderate uptrend, and the virtuous cycle from income to spending seems to be maintained in the corporate sector as well. That being said, despite the expansion in profits, it is true that the growth in business fixed investment is slower.