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.”