Japan CEOs see no economic upturn for 2005
AFP, Tokyo
A majority of chief executives at big Japanese companies predicted the country's economy would not improve in 2005 due largely to a possible US economic downturn, an opinion poll showed Sunday. The survey was conducted by the Kyodo news agency in mid-December on CEOs at 105 companies including Nippon Steel Corp., Toyota Motor Corp., Sony Corp. and Mitsubishi Tokyo Financial Group Inc. Kyodo said that 20 percent of the business leaders forecast the world's second biggest economy to slow down gradually while 32 percent predicted it would remain flat. They cited a possible downturn in US economic activity as the number-one reason for their concerns about Japan's economic outlook, Kyodo said.
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