63% of Japan Inc says Abe's stimulus to have little effect – Reuters Survey

According to the latest Reuters Corporate survey, a majority of the Japanese companies believe that the recent stimulus package announced by Japan’s PM Abe, is expected to little effect on the economic growth.

The survey is conducted monthly for Reuters by Nikkei Research, with 533 big and medium-sized firms polled and 260 companies responded anonymously.

Key findings from Survey:

63% of Japan firms say govt economic stimulus to have little effect; 34% see no impact

 45% of Japan firms say govt economic stimulus to have little effect on growth potential; 53% see no impact

 37% see further BOJ easing needed, 62% say BOJ should not ease further

Less than 5% of firms see economic boost from stimulus