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ECONOMY

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

  • December 4, 2019
  • , Asahi , p. 6
  • JMH Translation

Main questions & answers  

(Figures are numbers of companies.)

 

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

 

1) It is expanding

0

2) It is expanding moderately

21

3) It is leveling off

67

4) It is in a moderate recession

10

5) It is in a recession

2

 

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

23

2) Stagnation in corporate capital investment

9

3) Labor shortage

11

4) Stagnation in personal consumption

50

5) Decrease in public works projects

0

6) Drop in stock prices

1

7) Yen depreciation

0

8) Yen appreciation

8

9) Rise in prices of crude oil and other resources

3

10) Rise in consumption tax rate

7

11) Delay in fiscal reconstruction

2

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

69

16) Other answers (O/A)

8

 

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

 

1) It is expanding

0

2) It is expanding moderately

31

3) It is leveling off

37

4) It is slowing down moderately

27

5) It is slowing down

4

 

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

 

1) Economic slowdown in the U.S. because of trade friction

15

2) Economic slowdown in China because of the trade friction between the U.S. and China

73

3) Structural reform in China, including debt reduction policy

1

4) Economic slowdown in newly emerging nations (excluding China)

1

5) Economic slowdown in Europe

2

6) International conflicts and terrorist attacks

0

7) Trends in resource prices

0

8) North Korea issues

0

9) O/A

5

 

Q: How do you view the consumption tax hike?

 

1) Very highly

18

2) Somewhat highly

52

3) Unsure

13

4) Not very highly

5

5) Not highly at all

1

6) O/A

5

 

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

 

1) The countermeasures are adequately preventing a drop in consumption

22

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

41

3) They have almost no effect in preventing a drop in consumption

2

4) O/A

29

 

Q: How do you view the prime minister’s statement that “the consumption tax will not need to be raised for the next decade”?

 

1) I agree

10

2) I think a tax hike will be needed

15

3) Unsure

55

4) O/A

10

 

Q: Do you think that additional monetary easing is needed?

 

1) Yes

10

2) No

27

3) Unsure

44

4) O/A

10

 

Q: How do you view the new trade pact between Japan and the U.S.?

 

1) Very highly

8

2) Somewhat highly

51

3) Unsure

25

4) Not very highly

4

5) Not highly at all

1

6) O/A

5

 

Q: Is the deterioration in Japan-South Korea ties having a negative impact on your business performance?

 

1) It is having a major negative impact

3

2) It is having some negative impact

24

3) It is not having a negative impact now, but it looks like it will have one in the future

4

4) It is not having a negative impact now, and it looks like it won’t have one in the future either

47

5) Don’t know

10

6) O/A

8

 

Polling methodology: [The survey was conducted of 100 leading Japanese companies nationwide on Nov. 11–22, 2019. Interviews were conducted with top executives at 40% 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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