- Japan firms see econ recovery lagging govt estimate
- Most see COVID pain to last till FY2022 -Corporate Survey
- Half affected by chip shortages, to last until FY2022
TOKYO, Sept 16 (Reuters) – A majority of Japanese firms say the world’s third-largest economy will recover to pre-pandemic levels in fiscal 2022, a Reuters poll showed, with many anticipating they will continue to face COVID pains until next year or later.
The Corporate Survey results underscored a cautious view of Japan Inc on the economy, which stood in contrast with the government’s optimistic estimate that gross domestic product (GDP) will return to pre-COVID levels later this year.
Revised government data last week showed Japan’s economy grew 1.9% in April-June, backed by solid capital spending, but economists say a resurgence in the pandemic will put a drag on the pace of…