Chart 4  Business Fixed Investment Developments in business fixed investment plans  Vintage (equipment age) 9  years  8 7 6 5 4 3 2 1 0  CY 1992  96  00  04  08  12  16  Notes: 1. In the left‐hand chart, figures are based on the Tankan. All industries, including financial institutions.
Including software and research and development (R&D) investment and excluding land purchasing expenses (R&D investment is excluded through the December 2016 survey). 2. In the right‐hand chart, figures are for all enterprises. Fixed assets excluding land (including construction in progress).