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Japan firms see trade war, sales tax pressuring economy in 2019

Reuters  |  TOKYO 

By Tetsushi KajimotoTOKYO (Reuters) - Most Japanese firms expect flat or weaker domestic growth next year and are even more pessimistic about global growth amid concerns over the impact of the U.S.-China trade war and a planned sales tax hike at home, a Reuters poll showed."There's no doubt the sales tax increase will put a damper on private consumption," a manager of a manufacturing company wrote in the survey. "We're very concerned." Japan's export-driven economy, which hit a rough patch in the most recent quarter, has generally been chugging along. And Tokyo stocks are set to notch a ...

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First Published: Fri, December 07 2018. 05:07 IST