That's from the latest Reuters Corporate Survey of Japanese firms
More:
- 90% say its going to 125
(well, its nearly there right now ... but I digress)
"The weak yen has led to hikes in the prices of goods and wages have not caught up - hurting households' purchasing power, so the yen at 130 or more would do more harm than good to Japan Inc," said Hidenobu Tokuda, senior economist at Mizuho Research Institute, who reviewed the survey results.
79
% of firms said they do not expect to expand business in China next
year
- "The Chinese economy may lose a lot of steam in 2016 as economic anomalies, particularly in inland areas, suddenly come to the fore"
- "China is in much worse shape than the media reports"
- Japanese firms more upbeat about business expansion in the US & Asia EM next year
- Sentiment was mixed about domestic prospects