Japanese CEOs believe in “Moderate Recovery”

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Nikkei 225 has rallied from a low of around 8,400 to almost 10,900 high within 6 months. If the CEOs are right, we could see price break the previous ’11 high to test’10 high of 11,400.

Sixty per cent of leaders from the nation’s top 30 corporations believe the economy will moderately recover in the first half of this year, while nearly 70 per cent think the economy is in a mild decline, according to a Yomiuri Shimbun survey for the New Year.

When asked what approach the new administration led by Prime Minister Shinzo Abe should adopt as its top priority to ensure economic revitalization, nearly 70 per cent of polled respondents selected the swift implementation of economic growth strategies from a multiple-choice list.

Nearly 90 per cent, or 26 of the 30 leaders polled, supported Japan’s participation in negotiations over the Trans-Pacific Partnership multilateral trade agreement.

All survey respondents said the economy was either in a mild decline or at a standstill. Twenty respondents said the economy was “moderately declining,” while nine said it was “in a temporary lull.”

Via – Asiaone

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