- MarketPulse - https://www.marketpulse.com -

87% of Major Japanese Firms are Optimistic About 2015

Eighty-seven percent of 111 major Japanese firms polled by Kyodo News expect Japan’s economy to expand in 2015, showing growing optimism emerging after two quarters of contraction following last April’s consumption tax hike.

Among the 97 companies expecting an expansion, 90 see moderate growth and seven strong growth. Thirteen project a leveling off, and one firm give no prediction. None forecast a contraction.

Of the bullish companies, 44 cited a nonresidential investment recovery as a major factor. Forty firms cited U.S. economic improvement and 36 private consumption.

In the poll conducted in early and mid-December, 56 companies said the adverse effects of the consumption tax hike have been greater than expected, while 58 believe private consumption has already recovered or will recover by March.

Thirty-seven companies forecast the yen’s depreciation will have positive impacts on their operating profits in fiscal 2014, which ends in March 2015, while only nine view the weakening yen as making a negative contribution to their profits.

Thirty firms have failed to pass raw material price hikes caused by the weaker yen on to their product prices.

via Mainichi [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

Latest posts by Alfonso Esparza (see all [6])