Japanese businesses see economy peaking out, want more stimulus - Reuters poll [Reuters]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Reuters
Japanese businesses see economy peaking out, want more stimulus - Reuters poll - Reuters 4 Min Read TOKYO (Reuters) - 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. The gloomy outlook suggests that Prime Minister Shinzo Abe’s reflationary policy mix, known as “Abenomics”, is sputtering. “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. The Corporate Survey found 42% of respondents see the economy contracting into next year, while 52% believe growth will remain stagnant. Just 5% foresee it expanding, the June 4-13 poll showed. China and United States, the world’s two largest economies, have been locked in a tit-for-tat tariff war for nearly a year, whic
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