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.
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