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Only around half of firms in Japan expect economic growth in 2023

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Here in Japan, "Contractors" / "Temporary Staff" are in high demand at present.

There is a reason for that.

Companies are cutting back their budgets (20 to 50% in the coming year) - so if a department has not use used their 2022 budget to it's fullest, then that will clearly be seen as an over-estimate and will be cut back accordingly.

But, to meet the 50% cut-back in costs, Staff will need to be let go. Which is why, we are seeing a frenzy of hiring right now in Japan for Temporary staff in order to use up the excess "Budget" that each department had been allocated. When the new Budgets have been decided and come into effect in April, we will see a sudden ditching of Temporary Staff in order to retain the "permanent" staff - which would be more expensive, for the Companies to fire...

Welcome to Japan.

-3 ( +5 / -8 )

Same in the rest of the world, that's it..

-1 ( +2 / -3 )

Oh dear! In light of 66% of respondents in the JT survey voting for pessimism, what will the hear-no-criticism, rose-coloured glasses people do now when half of Japanese firms have no hope for growth? Well, at least they can vote down this comment.

-6 ( +2 / -8 )

Well, stop asking why as a Contractor you've had many positions !!!! then !!!

-1 ( +0 / -1 )

Around 10% of the mid sized firms made a surplus during the Covid and ongoing. No surprise here.

2 ( +2 / -0 )

Only around half of firms in Japan expect economic growth in 2023

I see a pattern:

Corporations express pessimism about the economic outlook, suppress wages, get government handouts.

Yet report healthy profits to their shareholders.

The public expresses pessimism about the economic outlook: They get all of that and worse.

1 ( +4 / -3 )

This is why Japan must change their business options to include entrepreneurship. Going to the office on a 9 to 5 job does not pay the bills and will certainly not buy you a house in Tokyo. Especially if you have children.

Time to wake up youth of Japan.

1 ( +3 / -2 )

66% of respondents in the JT survey voting for pessimism

Japanese companies are always pessemistic, including when they haul in record high profits while borrowing costs are zero. It suits their interests: they can justify their wage suppression policies, offshoring, and other nasty behaviour etc. If they say business conditions will be bad.

0 ( +3 / -3 )

It’s a strange phenomenon to see a country’s people become poorer, year on year but that is what is occurring in Japan

-4 ( +1 / -5 )

japanese "growth" is written in only on paper from kyodo....

we are starting year with strong yen and bird flu.this year will be tough be ready pay dearly for LDP mistakes.

-2 ( +1 / -3 )

I want to see the nikkei at 10,000. happy new year!

-4 ( +1 / -5 )

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