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ECONOMY

Opinion poll & results from Asahi Shimbun survey of 100 leading companies

  • June 18, 2019
  • , Asahi , p. 6
  • JMH Translation

Main questions & answers  

(Figures are numbers of companies.)

 

Q: What is your assessment of the Japanese economy today?

 

1) It is expanding

0

2) It is expanding moderately

32

3) It is leveling off

57

4) It is in a moderate recession

10

5) It is in a recession

1

 

Q: What are causes for concern regarding the domestic economy going forward? (Select up to two responses from the list below.)

 

1) Worsening of corporate profits

17

2) Stagnation in corporate capital investment

7

3) Labor shortage

13

4) Stagnation in personal consumption

32

5) Decrease in public works projects

0

6) Drop in stock prices

3

7) Yen depreciation

0

8) Yen appreciation

7

9) Rise in prices of crude oil and other resources

6

10) Rise in consumption tax rate

20

11) Delay in fiscal reconstruction

1

12) Delay in growth strategy

2

13) Future of Japan’s monetary policy

0

14) Future of domestic politics

0

15) Future of the overseas economy

74

16) Other answers (O/A)

10

 

Q: What is your assessment of the world economy today?

 

1) It is expanding

0

2) It is expanding moderately

39

3) It is leveling off

39

4) It is slowing down moderately

19

5) It is slowing down

3

 

Q: What are causes for concern regarding the world economy going forward?

 

1) Impact of U.S. monetary policy

2

2) Slowdown in the Chinese economy with the U.S.-China trade friction

87

3) Structural reform in China, including debt reduction policy

0

4) Slowdown in the economies of newly emerging nations (excluding China)

1

5) Slowdown in European economy

1

6) International conflicts and terrorist attacks

0

7) Trends in resource prices

1

8) North Korea issues

0

9) O/A

7

 

Q: Do you think the consumption tax hike should be implemented in October?

 

1) It should be implemented in October 2019 as planned

73

2) The tax rate needs to be raised, but implementation should be postponed to a time after October 2019

5

3) The consumption tax rate should not be raised

2

4) O/A

15

 

Q: How effective will the government’s tax hike countermeasures be?

 

1) The countermeasures will adequately prevent a drop in consumption

19

2) The countermeasures will be effective to a certain degree, but they will not be adequate to prevent a drop in consumption

47

3) They will have almost no impact in preventing a drop in consumption

7

4) O/A

19

 

Q: How is the trade friction between the U.S. and China impacting your company’s business performance?

 

1) It is having a major impact

4

2) It is having some impact

32

3) It is not having an impact, and it looks like it won’t have an impact in the future either

11

4) It is not having an impact now, but it looks like it will have some impact in the future

44

5) It is not having an impact now, but it looks like it will have a major impact in the future

1

 

Q: Is your company accepting foreign workers with the “designated skills” visa status?

 

1) We have already accepted some foreign workers with the “designated skills” visa status or we plan to accept some

5

2) Our company is in one of the targeted industries, but we do not plan to accept foreign workers with the “designated skills” visa status

7

3) We are now studying the matter

20

4) Our company is not in one of the targeted industries

52

5) O/A

12

 

Q: What is the status of year-round recruiting at your company?

 

1) We have already introduced year-round recruiting, and we will continue with it at the current level

17

2) We have already introduced year-round recruiting, and we will expand it in the future

18

3) We plan to introduce year-round recruiting

19

4) We do not plan to introduce it year-round recruiting

2

5) Undecided

42

 

Polling methodology: [The survey was conducted of 100 leading Japanese companies nationwide from May 27 to June 7, 2019. Interviews were conducted with top executives at slightly more than 50% of those 100 companies.] Some companies did not answer some questions so the total number of companies does not total to 100 for each question. Questions and answers have been abbreviated in some cases.

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