Private nonresidential investment (SNA, nominal)  15  Tankan (actual)  10  Tankan (planned investment in current fiscal year as of the September survey of each year)  5 0 -5 -10 -15 -20 FY 07  09  11  13  15  17  19  21  Notes: 1.
Figures based on the Tankan include software and R&D investments but exclude land purchasing expenses. R&D investment is not covered as a survey item before the March 2017 survey. The figures are for all industries including financial institutions. 2. The figure for private nonresidential investment for fiscal 2022 is that for 2022/Q2. Sources: Cabinet Office; Bank of Japan.