Japan's economy is likely to stop expanding this year and into next with th...
TOKYO - 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.
“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. Some 55% of Japanese firms said harsher U.S. punitive tariffs against China were affecting their business profits, with much higher proportions of transport machinery firms and chemicals makers taking a hit, the Reuters Corporate Survey showed.
Only 5% picked further monetary easing as a stimulus option, underscoring a widespread market view that the Bank of Japan’s stimulus has done about all it can. Both Ueno and business respondents expressed concerns about a slump in the economy after Japan hosts the summer Olympics next summer.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Indonesia seen keeping key rate steady, more chance of cut later: Reuters pollBank Indonesia is expected to keep its benchmark interest rate steady at a polic...
Consulte Mais informação »
Darkening mood among Japanese manufacturers flags risks ahead: Reuters TankanTOKYO - Japanese manufacturers' business confidence dropped to a more than ...
Consulte Mais informação »
Euro falls sharply as ECB's Draghi says more stimulus could come if inflation doesn't pick upEuropean Central Bank President Mario Draghi defended the tools that the organization has available.
Consulte Mais informação »
‘Currency war’ fears rise as Trump slams Draghi’s hint at more ECB stimulusPresident Donald Trump’s hostile response on Twitter to Draghi’s signal that the ECB could move to provide further monetary stimulus as early as next month...
Consulte Mais informação »