Business fixed investment, which has stopped declining, is expected to gradually start picking up, given that machinery orders (private demand, excluding orders of shipbuilding and orders from electric power companies), which are a leading indicator of machinery investment, are expected to have risen in the April–June quarter for the third consecutive quarterly increase.
Housing investment will likely continue recovering moderately: the number of housing starts – a leading indicator of housing investment – is starting to recover as a result of support measures and adjustments in condominium prices. Reflecting such developments in demand both at home and abroad, production is likely to continue rising as a trend.