Abe
has been putting pressure on Japanese companies, which have
benefited from easy money and a weaker yen, to raise wages in
addition to capital expenditure with the aim of ending decades
of deflation and stagnant growth.
Only seven of 36 respondents representing Japanese blue chip
companies said they would spend money to raise full-time
employees' wages in 2016. None said they would raise wages for
part-time workers. The survey was taken around the week of Dec.
21.
Telecommunications company NTT, seasoning maker Ajinomoto Co Inc
and Asahi Kasei Corp were among the 21 firms which said they
would increase capital expenditure next year.
Game maker Nintendo Co Ltd , along with electronics maker
Panasonic Corp>, which recently announced to buy U.S.
refrigeration firm Hussmann, said they would boost capital
spending and investment on M&As.
The survey, taken the week of Dec. 21, also showed that an
economic slowdown in China and emerging markets remained a top
concern for companies.
Respondents forecast the Japanese yen to trade between 127.4 yen
and 116.9 yen per U.S. dollar <JPY=EBS>. It traded at around
120.40 to the dollar on Monday.
Forecasts for the benchmark Nikkei share average <.N225> ranged
between 22,100 and 18,500, compared with its close on Monday
around 18,873.
(Reporting by Kaori Kaneko and Ritsuko Ando; Editing by Sam
Holmes)
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