Friday, 11 Oct 2019 07:43 AM MYT
And while most of the firms still don't want the Bank of Japan to increase its stimulus, that opposition has weakened sharply over the past quarter as the U.S-China trade war has clouded prospects for global growth and export-reliant Japan. Some 58 per cent expect the economy to level off heading into next year, while 41 per cent predict a recession, the survey found. Just 1 per cent see the economy growing after the tax increase.
The Reuters Corporate Survey, conducted September 26-October 7 for Reuters by Nikkei Research, canvassed 504 big and midsize nonfinancial companies, of which 230-240 firms responded to the various questions, on condition of anonymity.As the economic outlook clouds, opposition to further easing from the central bank is waning, the survey found.