According to the latest Reuters Corporate Survey, Japan Inc remains skeptical that the BOJ’s latest shift in its monetary policy stance will spur growth, investment as well as inflation.
Key findings of the Survey:
“More than 80 percent of firms said last month's overhaul in policy – one that targets the bond market's yield curve instead of the amount of money pumped into the financial system – will not have an impact on prices or change their capital spending plans.”
“Two-thirds of companies in the Sept. 28-Oct. 12 survey also said the new policy would either do little or nothing at all to help the world's third-largest economy which is also grappling with a strong yen, tepid consumer confidence and a declining population.”
“Companies answered anonymously to the monthly survey which is conducted for Reuters by Nikkei Research. Of the 532 big and medium-sized non-financial firms polled, more than 250 responded to questions on BOJ policy.”