TABLE-Japan firms pass on costs gradually, back BOJ's low-rate policy

  • 7/15/2021
  • 00:00
  • 3
  • 0
  • 0
news-picture

TOKYO, July 15 (Reuters) - About two-thirds of Japanese firms are passing on rising raw materials costs to customers or planning to do so as surging global commodity markets drive up import costs and squeeze bottom lines amid the COVID-19 pandemic, a Reuters poll showed. Below are the questions and answers in the June 30-July 9 Corporate Survey, conducted for Reuters by Nikkei Research. Answers are denoted in percentages. The poll and reply totals are in absolute terms. Some 240 non-financial firms replied to the survey. 1. Rising global commodity prices are pushing up raw materials costs for Japanese firms. Are you able to transfer higher commodity costs to customers by raising selling prices? (Pick one) Yes Not yet but plan to No Polled Replied All 15% 46% 39% 503 241 Manufacturers 12% 56% 32% 252 130 Non-manufacturers 18% 33% 49% 251 111 2. How do you expect the prices of your main goods and services to move in the latter half of this year? (Pick one) Rise a lot Rise slightly Unchanged Lower slightly Lower a lot Polled Replied All 6% 39% 52% 3% 0% 503 243 Manufacturers 7% 44% 47% 3% 0% 252 131 Non-manufacturers 4% 33% 59% 4% 0% 251 112 3. Do you think rises in commodity prices could pressure your earnings for this fiscal year? Yes No Polled Replied All 67% 33% 503 247 Manufacturers 80% 20% 252 134 Non-manufacturers 52% 48% 251 113 4. Corporate governance has come under close scrutiny in Japan. Has your company received any proposal for its management policy from activists? (Pick one) Quite a lot More or less Not really Not at all Polled Replied All 2% 14% 20% 64% 503 249 Manufacturers 3% 14% 23% 61% 252 133 Non-manufacturers 2% 15% 16% 67% 251 116 5. How did you respond to those proposals from activists? (Pick one) Tend to accept Tend to reject Considering Polled Replied proposals as they are proposals proposals now All 8% 31% 61% 503 85 Manufacturers 6% 28% 66% 252 50 Non-manufacturers 11% 34% 54% 251 35 6. How do you think activists could affect Japanese corporate management? (Pick one) Positively Negatively Neither Polled Replied All 17% 27% 56% 503 246 Manufacturers 14% 25% 61% 252 132 Non-manufacturers 20% 30% 50% 251 114 7. How do prolonged ultra-low interest rates affect your company, when taking fund-raising, sales and economy into account. Positively Negatively Polled Replied All 72% 28% 503 237 Manufacturers 67% 33% 252 124 Non-manufacturers 78% 22% 251 113 8. How much longer should the Bank of Japan"s current monetary easing continue? (Pick one) End right Another Another Until 2% Polled Replied now 1-2 years 3-4 years inflation is met All 6% 39% 26% 29% 503 235 Manufacturers 7% 50% 24% 20% 252 123 Non-manufacturers 6% 28% 28% 38% 251 112 (Reporting by Tetsushi Kajimoto; Editing by Christopher Cushing) Our Standards: The Thomson Reuters Trust Principles.

مشاركة :