Most Japanese companies want the Bank of Japan to stop large-scale financial stimuli

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Tokyo — 64% of Japanese companies want central banks to end large-scale policies

Due to the depreciation of the yen, about a quarter of this year’s monetary easing is calling for action.

According to a Reuters survey.

The following is a question and answer session conducted by Nikkei Research on Reuters from April 26th to May 13th.The answer is

Shown as a percentage. Due to rounding, the total percentage of certain questions may not be exactly 100%.Voting and reply

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The numbers are absolute values. A total of 236 companies responded to the survey.

1. Do you think the Bank of Japan should change its monetary easing policy in light of the weak yen?

Yes no not required

All 60% 40% 499 221

Manufacturer 63% 37% 250117

Non-manufacturer 57% 43% 249104

2. What kind of changes do you expect from those who answered “yes” to Q1? (Choose as many as you like)

Ditch Raise Abolish Alter / scrap 2% Alter / scra Others Polled Replied.

Negative interest rate Fixed interest rate Inflation target pgovt-BOJ

Rate rate operation matches

All 58% 35% 16% 25% 4% 4% 4% 499129

Manufacturer 56% 30% 11% 30% 4% 4% 250 71

Non-manufacturer 60% 41% 21% 19% 3% 3% 3% 249 58

3. How long should the current large-scale financial stimulus last?

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You have to answer until the first half, until accounting, until the government next vote

Kuroda Fiscal year ends

Will March of this year leave the year?

Later in September

All 24% 23% 17% 20% 16% 499220

Manufacturer 23% 24% 20% 21% 13% 250117

Non-manufacturer 25% 21% 15% 18% 20% 249103

4. What are your thoughts on capital investment this year? (Choose one)

Significant increase Small increase Flat Small decrease Large decrease Polled reply

All 15% 24% 47% 7% 7% 499229

Manufacturer 17% 23% 42% 8% 9% 250121

Non-manufacturer 13% 24% 52% 6% 5% 249108

5. What are the biggest factors influencing your fixed investment plan? (Choose one)

Suppression of capital investment Suppression Suppression increase Capital investment increase Capital investment increase Other polling answers

Since capital investment is weak, repair by capital investment by capital investment Capital investment by energy

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Yen, cost from Ukraine to China, saving old things / pausing car demand

Increase the critical slowdown of COVID-19 infected facilities

All 16% 3% 1% 5% 22% 33% 21% 499217

Manufacturer 18% 3% 1% 3% 20% 36% 18% 250116

Non-manufacturer 14% 2% 1% 6% 25% 29% 24% 249101

6. How is China’s “Zero Corona” policy affecting your business? (Choose one)

Large negative Slightly no impact Slightly large positive polling answer

Impact Negative Impact Positive Impact Impact

All 10% 53% 36% 2% 0% 499230

Manufacturer 13% 62% 23% 2% 0% 250123

Non-manufacturer 7% 42% 50% 1% 0% 249107

7. What are the negative effects for those who have been adversely affected? (Choose as many as you like)

Decrease in production stagnation in China Answers to stagnation of business due to polling by others

Domestic demand at factories in China is suppressed by business trips

All 31% 40% 69% 17% 7% 499144

Manufacturer 35% 46% 74% 18% 5% 250 92

Non-manufacturer 23% 29% 60% 13% 10% 249 52

8. Do you take measures for those who have been adversely affected?

Yes No Polled Reply

All 25% 75% 499140

Manufacturer 30% 70% 250 89

Non-manufacturer 16% 84% 249 51

(Report by Tetsushi Tanaka, edited by Edwina Gibbs)