binance left Coinmarketcap net_left adver left

Japan firms want fiscal support, help on yen and commodities: Reuters poll

Thursday, January 13, 2022

By Tetsushi Kajimoto

TOKYO (Reuters) - A vast majority of Japanese firms want fiscal support to keep flowing at least through this year, a Reuters poll showed, while two-thirds want help to ease the pain from rising commodity prices and a weaker yen.

The results of the Reuters Corporate Survey show companies in the world's third-largest economy feeling the need for further support, even as major economies from Europe to the United States dial back crisis-mode economic stimulus programmes.

The survey also highlights how the weak yen and rising commodity costs are putting the squeeze on Japanese companies already saddled with slow growth and an ageing domestic population.

"Excessive yen weakening will boost import costs, driving up the prices of crude oil and raw materials further," the manager of a ceramics maker wrote in the survey, contributing on condition of anonymity.

Others called for measures to cope with rising oil prices and prevent a weaker yen, as rapid price hikes could more than offset effects of stimulus packages rolled out over the past two years.

Nearly 80% of Japanese firms said expansionary fiscal policies should continue, the survey found. The monthly poll, conducted Dec. 22-Jan. 7, canvassed 502 large and mid-sized non-financial firms.

A total of 61% said the stimulus should continue through this year and another 18% said they wanted it in place through 2023 or beyond. Some 17% said it should end immediately.

Although Japan has fared far better than most other advanced countries in terms of COVID-19 infections and deaths while avoiding debilitating lockdowns, on Sunday the government reintroduced stricter measures in three regions, taking such action for the first time since September due to the spread of the Omicron variant.

"Fiscal discipline is important but economic recovery and stability in people's livelihoods should take priority," a manager of a wholesaler wrote in the survey.

Another manager, at a different ceramics maker, wrote that fiscal policy must remain expansionary until business picks up at non-manufacturers, illustrating a clear recovery trend.

Many firms backed Prime Minister Fumio Kishida's stance that prioritises economic recovery in the short term.

As a result, a vast majority of companies saw it "impossible" for the government to reach Kishida's target of bringing about a primary budget surplus by the 2025 fiscal year.

Most private-sector economists see the target as a tall order, given a huge cost of stimulus that has strained the industrial world's heaviest debt burden, more than twice the size of its economy.

Deterioration in Japan's fiscal position could eventually stoke concern about currency depreciation and runaway inflation.

But for now, the outlook for inflation was evenly divided in the survey - one third of firms saw the current commodity-driven inflation lasting through the first or second quarter, while another third expected it to stay through the second half.

The rest saw prices continuing to rise next year or beyond.

($1 = 115.3000 yen)

Leave your comment
ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
17-01-2022 10:55:23 (UTC+7)

EUR/USD

1.1402

-0.0012 (-0.11%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (1)

EUR/USD

1.1402

-0.0012 (-0.11%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (1)

GBP/USD

1.3651

-0.0022 (-0.16%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

USD/JPY

114.64

+0.43 (+0.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

AUD/USD

0.7213

+0.0006 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

USD/CAD

1.2520

-0.0033 (-0.26%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

130.71

+0.35 (+0.27%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (2)

EUR/CHF

1.0423

-0.0006 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

Gold Futures

1,818.45

+1.95 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Silver Futures

23.027

+0.109 (+0.48%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (3)

Copper Futures

4.4183

-0.0022 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

83.31

+0.01 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Brent Oil Futures

86.05

-0.01 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

Natural Gas Futures

4.298

+0.036 (+0.84%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,307.35

+35.16 (+0.82%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,944.70

+61.46 (+0.39%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,614.59

+71.64 (+0.95%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Hang Seng

24,218.03

-165.29 (-0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,162.20

+0.72 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

IBEX 35

8,849.50

+42.90 (+0.49%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

BASF SE NA O.N.

68.235

+0.125 (+0.18%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

52.79

+0.20 (+0.38%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Allianz SE VNA O.N.

226.48

-0.52 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Adidas AG

252.22

-0.13 (-0.05%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (5)

Deutsche Lufthansa AG

7.225

-0.016 (-0.22%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

Siemens AG Class N

146.76

+0.90 (+0.62%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Deutsche Bank AG

11.997

+0.043 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1402Buy
 GBP/USD1.3651Buy
 USD/JPY114.64↑ Buy
 AUD/USD0.7213↑ Sell
 USD/CAD1.2520↑ Buy
 EUR/JPY130.71Buy
 EUR/CHF1.0423Neutral
 Gold1,818.45↑ Sell
 Silver23.027Neutral
 Copper4.4183↑ Sell
 Crude Oil WTI83.31↑ Sell
 Brent Oil86.05↑ Sell
 Natural Gas4.298↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,307.35Sell
 S&P 5004,662.85↑ Buy
 DAX15,944.70↑ Sell
 FTSE 1007,614.59↑ Buy
 Hang Seng24,218.03↑ Buy
 Small Cap 20002,162.20↑ Sell
 IBEX 358,849.50Sell
 BASF68.235↑ Buy
 Bayer52.79Sell
 Allianz226.48↑ Sell
 Adidas252.22Sell
 Lufthansa7.225Neutral
 Siemens AG146.76↑ Sell
 Deutsche Bank AG11.997↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(0/ 0) # 1,148
SJC HCM6,110/ 6,170
(10/ 0) # 1,158
SJC Hanoi6,110/ 6,172
(10/ 0) # 1,160
SJC Danang6,110/ 6,172
(10/ 0) # 1,160
SJC Nhatrang6,110/ 6,172
(10/ 0) # 1,160
SJC Cantho6,110/ 6,172
(10/ 0) # 1,160
Cập nhật 17-01-2022 10:55:25
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,818.81+2.330.13%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.86-0.12-0.14%
Brent$86.05-0.31-0.36%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 18:52:49 17/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right