Most Japanese firms expect the US-China trade war to hurt Japan’s export-driven economy and the planned sales tax hike to put a damper on private consumption, a Reuters poll found.
Key points (Source: Reuters)
55 percent of companies predicted that Japan’s economic growth would remain about the same as this year’s 1 percent projection, while 31 percent see it slowing. Only 14 percent believe it will accelerate.
51 percent of companies expect next year’s global growth to undershoot this year’s 3.7 percent forecast by the International Monetary Fund, the Nov. 20-Dec. 3 survey showed.