More than 70 percent of 105 leading Japanese companies see economic activity here either receding or flattening out because of the yen's continued strength and slowdowns in the U.S. and European economies, according to survey released Monday.
Japan's economy is regarded as "slowing" or "gradually slowing" by 17 companies, and leveling out by 58, the December survey carried out by Kyodo News said.
The survey sought responses from the top executives at leading companies including Canon Inc., Nippon Steel Corp., Sony Corp., Toyota Motor Corp. and Mitsubishi UFJ Financial Group Inc.
(Japan Times)
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