Survey: Firm heads say Japanese economy moderately recovering

Survey: Firm heads say Japanese economy moderately recovering

TOKYO: Seventy per cent of the heads of 30 major companies said the country’s economy is moderately recovering, a Yomiuri Shimbun survey has found.

Regarding economic prospects for the next six months, 27 respondents, or 90 per cent, are bullish.

Meanwhile, 12 respondents said the government’s decision to delay a planned increase in the consumption tax rate to 10 per cent until April 2017 is “appropriate.”

The survey also revealed that many respondents are wary of possible abnormalities in the economy of emerging countries as well as excessive depreciation of the yen. They also hope that the government will implement its growth strategy as soon as possible.

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