The results from the Spring 2018 edition of the Foreign Chambers in Japan Business Confidence Survey have now been released. The expectation of healthy growth in the Japanese economy that has been held by businesses since the Autumn 2016 survey has again continued, though this time at a slightly lower level than in the previous survey conducted in October of last year. Respondents remain positive about the outlook for the Japanese economy. Over the next six months, 50 per cent of respondents are expecting some improvement in the economy, while 7 per cent are expecting strong improvement.
The response from ANZCCJ members mirrors these aggregate results. 73 per cent of members who responded are expecting improvement and 7 per centare anticipating strong improvement over the next six months. The outlook is similar for the coming 12 months. This optimism is reflected in the performance of companies as well, with 55 per cent of ANZCCJ member respondents having experience improvement in profitability over the past six months, and 54 per cent expecting this to continue over the next six months. 65 per cent of ANZCCJ members who responded are aiming for continued growth in Japan, and we are excited to continue working with our members to help them achieve their business goals here in Japan.
The full report on the survey and commentary is available here, and a breakdown of the results from the responses submitted by ANZCCJ members is available here. Thank you to all members who took the time to contribute to the survey, which continues to serve as useful barometer of foreign business in Japan.