"Japan Business Forecast Report Q2 2014" Now Available at Fast Market Research
Japanese corporates continue to maintain a cautious stance despite the improvement in current business conditions. We do not expect many businesses to heed Prime Minister Shinzo Abe's calls to raise wages given the limited upside potential for profits. As such, together with the negative effects from the consumption tax hike and the rising import bill (due to the weakening currency), we project real GDP growth to slow to a subdued pace of 1.3% in 2014.
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