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

  • June 21, 2022
  • , Asahi , p. 10
  • JMH Translation

Main questions & answers

(Figures are numbers of companies.)

 

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

 

1) It is expanding

2

2) It is expanding moderately

59

3) It is leveling off

37

4) It is in a moderate recession

1

5) It is in a recession

0

6) Other answers (O/A)

1

 

Q: How do you think personal consumption will trend over the next three months? 

 

1) It will recover rapidly

2

2) It will recover moderately

64

3) It will fluctuate

27

4) It will decline moderately

3

5) It will decline rapidly

0

6) O/A

4

 

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

 

1) Slowdown in the U.S. economy

18

2) Slowdown in the Chinese economy

30

3) Economic stagnation in emerging economies (excluding China)

1

4) Stagnation in the European economy

1

5) Impact of the Russian invasion of Ukraine

55

6) Terrorism and global conflicts, excluding Ukraine

1

7) Rise in the prices of resources

66

8) Prolongation of the impact of COVID-19

13

9) Intensification of friction between the U.S. and China

1

10) O/A

8

 

Q: How has the recent depreciation of the yen impacted your business operations?

 

1) Significantly negative impact

9

2) Somewhat negative impact

18

3) Somewhat positive impact

29

4) Significantly positive impact

5

5) Neither negative nor positive

27

6) O/A

12

 

Q: Do you approve of the Kishida administration’s policies overall?

 

1) Very much approve

5

2) Somewhat approve

57

3) Neither approve nor disapprove

15

4) Not approve very much

4

5) Approve very little

0

6) O/A

19

 

Q: What Kishida administration policies do you approve of? (Select up to two responses from the list below.)

 

1) Initiatives to prevent the spread of COVID-19

34

2) Support for companies and individuals negatively impacted by COVID-19

4

3) Measures to address the rise in the prices of crude oil, raw materials, and commodities

4

4) Handling of the Russian invasion of Ukraine

27

5) Promotion of digitalization of the government administration and society

6

6) Measures to address the decline in the population and the aging of society with the drop in the birthrate

0

7) Support for people to continue employment or find new jobs

1

8) Creation of sound public finances

1

9) Infrastructure development to prepare for disasters

1

10) Regulatory reform to promote economic growth

2

11) Redistribution of wealth to rebuild the middle class

2

12) Enhancement of economic security

15

13) Initiatives to promote the decarbonization of society

9

14) Strategy for security and foreign affairs

25

15) Initiatives to abolish nuclear weapons

0

16) O/A

29

 

Q: In what ways has the Russian invasion of Ukraine negatively impacted your business operations? (multiple responses permitted)

 

1) Increase in energy prices

63

2) Supply shortages and skyrocketing raw materials prices

56

3) Disruption in logistics networks

28

4) Increase in electricity costs

28

5) Increase in consumer prices

12

6) Decrease in exports due to slowdown in overseas economies

5

7) Exchange rate fluctuations due to the depreciation of the yen

14

8) Delays in decarbonization

3

9) Stagnation or decrease in business activities in Russia or transactions with that country

24

10) No particular negative impact

2

11) O/A

15

 

Q: What energy policies should be adopted in light of the Russian invasion of Ukraine? (Select up to two responses from the list below.)

 

1) Nuclear power should be used more

23

2) Use of renewable energy should be accelerated

67

3) Increased energy production using fossil fuel resources should be supported

0

4) Decarbonization targets should be pushed back

1

5) Financial support should be increased for businesses and families negatively impacted by the rise in resource prices

8

6) Energy conservation should be promoted more

28

7) O/A

33

 

Polling methodology: The survey was conducted of 100 major Japanese companies nationwide on May 30–June 10, 2022 through interview and written questionnaires. Companies surveyed range from the manufacturing and retail industries to the finance, construction, and transport industries. Questions and answers have been abbreviated in some cases.

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