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Survey finds bleak outlook for Japanese companies in 2023

TOKYO (AP) — Major Japanese companies have grown more pessimistic about the economy, given higher costs and a weaker yen, according to a survey by Kyodo News.

The survey of 117 companies found just over half, or 56%, expect the economy to grow this year. That was down sharply from 84% a year earlier, said the survey released Monday.

The percentage of firms forecasting growth was at its second lowest in 10 years for…

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TOKYO (AP) — Major Japanese companies have grown more pessimistic about the economy, given higher costs and a weaker yen, according to a survey by Kyodo News.

The survey of 117 companies found just over half, or 56%, expect the economy to grow this year. That was down sharply from 84% a year earlier, said the survey released Monday.

The percentage of firms forecasting growth was at its second lowest in…

Read more…