Japan Inc sees Trump presidency as business risk, Reuters poll shows By Reuters

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Japan Inc sees Trump presidency as business risk, Reuters poll shows By Reuters


© Reuters. High-rise buildings are seen at the Shinjuku business district during sunset in Tokyo, Japan, March 7, 2017. Picture taken March 7, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) -Almost half of Japanese firms see the prospect of Donald Trump winning a second term as president of the United States as a risk, a Reuters survey showed, as some polls show he is the frontrunner in November’s election. Companies say they are most concerned about protectionist policies. Trump’s “America First” policies characterised his tenure from 2017 to 2021.

Below are the questions and answers in the poll, conducted from Feb. 6 – Feb. 16, for Reuters by Research. Answers are denoted in percentages.

Percentage totals for a given question may not come to exactly 100%, due to rounding. The “polled” and “replied” figures are in absolute terms.

1. How are current business conditions at your company? (Pick one)

Good Not so Bad Polled Replied

good

All 26% 60% 14% 400 250

Manufacturers 20% 60% 21% 211 126

Non-manufacturing 32% 61% 6% 189 124

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2. How do you see business conditions at your company in three months time? (Pick one)

Good Not so Bad Polled Replied

good

All 24% 66% 10% 400 250

Manufacturers 17% 71% 11% 211 126

Non-manufacturing 31% 61% 8% 189 124

ers

3. How do you see the Chinese market over the next five years? (Pick one)

Very Somewhat Neutral Somewhat Very Polled Replied

optimistic optimistic pessimistic pessimistic

All 0% 4% 34% 50% 12% 400 239

Manufacturers 0% 2% 32% 52% 14% 211 126

Non-manufacturing 1% 6% 36% 48% 9% 189 113

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4. What worries you most about China? (Pick one)

Economic Weak Deterioration in Real Anti-Jap Other Polled Replied

slowdown consumer China-US relations estate anese

sentiment over trade and market feeling

politics crisis

All 49% 2% 19% 24% 5% 2% 400 239

Manufacturers 50% 2% 22% 21% 3% 2% 211 125

Non-manufacturing 47% 1% 16% 27% 7% 2% 189 114

ers

5. How are you responding to the economic slowdown in China? (Pick as many as apply)

Reining in Shifting Considering Returning Other Polled Replied

capital production and pulling out or capital to

investment sales to other shrinking Japan

markets operations

All 16% 35% 17% 8% 38% 400 208

Manufacturers 18% 49% 21% 7% 26% 211 112

Non-manufacturing 14% 18% 13% 8% 51% 189 96

ers

6. How have your China revenues fared since the same period the previous year? (Pick one)

Increased No Fell Fell Fell Fell Polled Replied

change between between between more

1-10% 11-20% 21-30% than 31%

All 11% 47% 21% 10% 5% 6% 400 216

Manufacturers 11% 35% 22% 15% 7% 9% 211 116

Non-manufacturing 11% 61% 19% 5% 2% 2% 189 100

ers

7. There is the possibility of a Trump administration after the U.S. election. Do you see this as a risk? (Pick one)

See it as Don’t see it See it as an Polled Replied

a risk is a risk opportunity

All 49% 47% 3% 400 235

Manufacturers 56% 41% 3% 211 122

Non-manufacturing 42% 54% 4% 189 113

ers

8. If Donald Trump were to become president again, what would be your biggest concerns? (Pick as many as apply)

U.S.-China The impact of Impact Increasing Other Polled Replied

trade stronger on U.S. protectionism

friction anti-China domestic worldwide

trade sanctions strategy

All 37% 34% 15% 54% 7% 400 235

Manufacturers 32% 45% 19% 53% 5% 211 121

Non-manufacturing 42% 23% 11% 54% 10% 189 114

ers

9. Are you considering making business plans on the assumption of a Trump presidency? (Pick one)

Considering Plan to No plans to Undecided Polled Replied

consider in consider

the future

All 0% 8% 60% 32% 400 238

Manufacturers 1% 12% 50% 37% 211 125

Non-manufacturing 0% 4% 70% 27% 189 113

ers

10. As Japanese Prime Minister Fumio Kishida’s approval rating remains low, there is talk of succession. Who do you think would be an appropriate next prime minister? (Pick one)

Shigeru Yuko Katsunobu Yoko Fumio Shinjiro Taro Yoshihide Sanae Yoshimasa Toshimitsu Kenta Katsuya Nobuyuki None of Polled Replied

Ishiba Obuchi Kato Kawakami Kishida Koizumi Kono Suga Takaichi Hayashi Motegi Izumi Okada Baba these

All 18% 0% 1% 12% 4% 6% 9% 12% 7% 3% 4% 0% 0% 0% 23% 400 218

Manufacturers 18% 1% 1% 14% 4% 4% 13% 13% 7% 3% 4% 0% 1% 0% 17% 211 114

Non-manufacture 19% 0% 1% 10% 3% 8% 5% 12% 8% 3% 3% 0% 0% 0% 30% 189 104

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