Nearly 90 percent of 101 major Japanese companies expect economic expansion in 2016, with many projecting private consumption and capital spending to recover from their 2015 doldrums, a Kyodo News poll found Saturday.
After a slowdown in the Chinese economy rattled financial markets last year, more than a majority, or 54, said their business performance will be impacted by the slowing Asian powerhouse.
According to the poll, conducted in December, 88 expect the Japanese economy to expand in the year ahead. Of those, two projected a strong growth and 86 a moderate expansion. Nine forecast a leveling off, while one expected growth to slow moderately. None projected a contraction.