More than 70 percent of major Japanese companies expect the domestic economy to grow in 2024, believing solid consumer and capital spending are set to overcome the impact of inflation, a Kyodo News survey showed Tuesday, underlining more optimistic corporate sentiment than a year earlier.
In the survey of 113 companies, including Toyota Motor Corp. and SoftBank Group Corp., 72 percent said they expect moderate growth and 1 percent see solid expansion in 2024.
The combined 73 percent is higher than a year before when 56 percent said they expected moderate or solid growth even as soaring raw material and energy prices presented as significant risk factors.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.
