Nearly 90 percent of 101 major Japanese companies expect economic expansion in 2016, with many projecting private consumption and capital spending to recover from their 2015 doldrums, a Kyodo News poll found Saturday, writes .

According to the poll, conducted in December, 88 expect the Japanese economy to expand in the year ahead. Of those, two projected a strong growth and 86 a moderate expansion. Nine forecast a leveling off, while one expected growth to slow moderately. None projected a contraction.

Asked why they think the economy will grow, 63 companies picked recovery in private consumption as a major factor, followed by 45 who cited a pickup in capital expenditure.

bbabo.Net