The Foreign Chambers in Japan (FCIJ) is an informal organization comprised of foreign chambers of commerce and business groups in Japan mainly for the purpose of information exchange and enhancement of the activities of the component organizations.
FCIJ has been conducting Business Confidence surveys online twice a year since 2002 among foreign-affiliated companies in Japan. This, the 32nd, survey was conducted between October 18 and 27, 2017, and received 243 valid responses from members of 17 foreign chambers of commerce in Japan.
The healthy growth that started in the Fall 2016 survey continued in this survey and shows further improved sentiments compared to the previous survey conducted in April 2017. The respondents remain positive about the Japanese economy, for the next 6 months it is expected to continue to grow. The stronger growth in the economy was also reflected in the performance of the companies, while in the sales forecast for the coming six months the respondents were also more optimistic than in April.
This time the survey included two alternating questions. The first was on how the business climate would be affected by the planned changes in inheritance and gift tax laws. 75% reported that it would have no impact while 19% thought it would have some negative and 7% strong negative impact.
The second alternating question was regarding BREXIT for Europeans and TPP11 and NAFTA for the others. Regarding TPP11, 41% thought it would have a positive impact, 48% none. NAFTA changes would not have much impact in Japan, 19% expected negative, 75% thought that the changes/negotiations would not impact their business.
Find the full report here: http://www.fcc.or.jp/fcij/bcs.html
The results for the ANZCCJ are generally consistent with the overall trends.
Find the ANZCCJ results here: http://www.fcc.or.jp/cgi-bin/survey/survey-anzccj32.cgi?survey_name=ANZCCJ32