According to a survey, the majority of major Japanese companies are confident that their earnings will grow in fiscal 2014, and expect the impact of the upcoming tax hike to be only temporary
- The survey was conducted late January – mid-February
- It queried CFOs of 300 leading companies selected mainly based on market capitalization
- 57% said they expect earnings to rise
- 3% said profit will grow at least 30%
- 18% expect 10-30% profit growth
- 12% said below 10%, and 24% did not specify.
Many firms appear confident that export growth bolstered by a weaker yen will help keep them on track for continued earnings growth
- 23% of the firms that took part in the survey expect earnings to stay flat, and 6% anticipate earnings deterioration
