Japan firms seek no exit from Britain, sales tax hike with more stimulus

TOKYO, April 19 (Reuters) - Japanese firms with links to Britain say they have no immediate plan to leave the
country as British government tries to hammer out terms of its exit from the European Union, a Reuters poll found.
The Corporate Survey also found 61 percent of firms want a planned sales tax hike to proceed in
October but are urging additional stimulus to offset a blow.
Below are the questions and answers to a poll conducted by Nikkei Research between April 3-15 for Reuters.
Answers are denoted in percentage points, while the poll and reply totals are represented in actual figures.

1) Does your business on goods and services have any relation with Britain?
Sectors Yes No Polled Replied
All 26% 74% 478 237
Manufacturers 39% 61% 248 127
Non-Manufacturers 12% 88% 230 110
1a. If you answer yes, which steps do you consider taking to your business in Britain in the wake of Brexit? (Pick
one)
Sectors Pull out of Britain Downsize No change Expand Polled Replied
All 0% 8% 89% 3% 478 61
Manufacturers 0% 10% 85% 4% 248 48
Non-Manufacturers 0% 0% 100% 0% 230 13
1b. If you 'pull out of Britain' or 'downsize' U.K. business, which area is the most desirable alternative place?
(Pick one)
Sectors Europe other Asia other U.S. Japan Others Polled Replied
than U.K. than Japan
All 100% 0% 0% 0% 0% 478 5
Manufacturers 100% 0% 0% 0% 0% 248 5
Non-Manufacturers 0% 0% 0% 0% 0% 230 0
1c. If your business has any relation with Britain, do you plan to review the supply chain in the wake of Brexit?
Sectors Yes No Polled Replied
All 16% 84% 478 58
Manufacturers 20% 80% 248 45
Non-Manufacturers 0% 100% 230 13
1d. The General Data Protection Regulation (GDPR) imposes new requirements on how companies collect and process
personal information about users in the European Union, which will be applied to transfer of personal data between
Britain and EU. When you acquire personal information, will you prepare to clearly gain consent on collecting data
and purpose of using it?
Sectors Yes No Polled Replied
All 21% 79% 478 52
Manufacturers 20% 80% 248 40
Non-Manufacturers 25% 75% 230 12
2. Given the recent economic situation, which steps would be most appropriate when the sales tax rises in October?
(Pick one)
Sectors Raise sales tax with Raise sales tax without Ditch sales Polled Replied
additional stimulus additional stimulus tax hike plan
All 61% 18% 21% 478 229
Manufacturers 61% 16% 22% 248 122
Non-Manufacturers 60% 20% 21% 230 107
3. Will you suspend business operations during the long holiday from April 27 to May 6? (Pick one)
Sectors Yes completely Yes partially No rest Polled Replied
All 38% 47% 15% 478 236
Manufacturers 44% 52% 4% 248 126
Non-Manufacturers 31% 41% 28% 230 110
4a. Compared with the same period last year, how much do you expect output or sales will be? (Pick one)
Sectors Decline No change Increase Polled Replied
All 28% 47% 25% 478 224
Manufacturers 31% 48% 21% 248 121
Non-Manufacturers 24% 46% 30% 230 103
4b. How much do you expect output or sales will be against the 100 benchmark seen in the same period last year?
(Pick one)
Sectors Below 90 90-99 100 101-110 111 or Average Polled Replied
more
All 6% 27% 34% 31% 3% 98.9 478 196
Manufacturers 7% 30% 33% 27% 3% 98.0 248 108
Non-Manufacturers 5% 24% 34% 35% 2% 100.1 230 88

(Reporting by Tetsushi Kajimoto
Editing by Shri Navaratnam)


2019-04-19 01:00:05

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