Japanese companies overwhelmingly think the nation¡¯s longest postwar expansion is peaking, with two-thirds expecting a tax hike imposed this month by Prime Minister Shinzo Abe to hurt the economy, a Reuters poll showed on Friday.
Almost all the firms in the monthly Reuters Corporate Survey said the world¡¯s third-biggest economy will level off or fall into recession in coming months, which would mark an end to the ¡°Abenomics¡± expansion that the prime minister launched in late 2012.
And while most of the firms still don¡¯t want the Bank of Japan to increase its stimulus, that opposition has weakened sharply over the past quarter as the U.S-China trade war has clouded prospects for global growth and export-reliant Japan.
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