Japanese firms to keep capex steady amid US-China trade tensions – Reuters Corporate Survey
|The latest Reuters Corporate Survey showed that a majority of the Japanese firms want to maintain their capex plan in the next fiscal year.
Key Findings:
“52% of Japan firms to keep capex plan steady next fiscal year, 22% to expand, 14% to increase moderately, 12% to cut.
42% plan to hike base pay this year, of which 75% to raise by as much as last year.
41% expect profit to fall next FY due to trade friction, protectionism; 38% expect sales decline; a quarter to review supply chain.”
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