TOKYO - Japan’s economy is likely to stop expanding this year and into next with the Sino-U.S. trade war and a planned sales tax hike expected to crimp activity, a Reuters poll of Japanese companies found, with most calling for fresh stimulus to prop up growth.
“A combination of the U.S.-China trade friction and the tax hike in October will almost certainly tip Japan into recession,” an electric machinery maker wrote in the monthly survey. Some 55% of Japanese firms said harsher U.S. punitive tariffs against China were affecting their business profits, with much higher proportions of transport machinery firms and chemicals makers taking a hit, the Reuters Corporate Survey showed.
Only 5% picked further monetary easing as a stimulus option, underscoring a widespread market view that the Bank of Japan’s stimulus has done about all it can. Both Ueno and business respondents expressed concerns about a slump in the economy after Japan hosts the summer Olympics next summer.
Good get some money and fix the leak at Fukushima!!!
Again Build Up Business not prisons filled with long sentences Build Up Freedom not courts controled by billionaire pedophilsm Build Up Jobs By promoting everything that supports buisness that build up children by supporting health by honesty and compostism. the_wormfarmer
People don't understand that stimulus can't keep economy running and central banks can't give infinite stimulus!