Survey Year: Growth and Companies

survey year: Of the 108 companies surveyed between late November and early December, including Toyota Motor Corp. and Sony Corp., 63 said they expect the economy to expand this year, of which 61 expect moderate growth, according to The Japan Times. Forty-one said they expect no growth, while two projected a moderate contraction. That percentage is down from the 90 percent that forecast growth in a similar survey a year ago, as many Japanese companies are concerned by Trump's unpredictability, political inexperience and oft-stated intention to radically overhaul U.S. trade policy, Kyodo said Monday. Asked in a multiple-choice question why they think the economy will expand, 32 companies cited rebounding consumer spending, 23 pointed to stepped-up capital spending and 19 specified an improving U.S. economy. However, 59 companies or just over half said that they have no idea how U.S.-Japan relations may change under the incoming Trump administration, evidence of the major uncertainty engendered by the president-elect's America First stance. The survey shows many Japanese companies envision growth driven by increasing external demand given that Trump has pledged to slash U.S. taxes and boost government spending on infrastructure and public works. (news.financializer.com). As reported in the news.