Japan's big firms to cut capital spending by 1.2 pct in FY2015

Big firms in all industries in Japan are expected to cut their capital spending by an average 1.2 percent in fiscal 2015 through next March, according to a survey released Wednesday by the Bank of Japan (BOJ).

The Tankan survey of the central bank said business sentiment here among large manufacturers maintained flat in March from three months earlier, with the key index measuring big manufacturers' business confidence stood at plus 12 in the reporting month.

Meanwhile, the BOJ said the index for large non-manufacturers' sentiment improved to plus 19 from the previous plus 17. Endi