TOKYO -- Japan's corporate chiefs have grown less upbeat on the economy in recent months, the latest Nikkei survey shows, signaling a cautious stance ahead of wage hikes that could kick-start spending later this year.
Half of top chiefs see expansion, down from 72% three months ago
Business sentiment in Japan has declined for two straight quarters. © Reuters
TOKYO -- Japan's corporate chiefs have grown less upbeat on the economy in recent months, the latest Nikkei survey shows, signaling a cautious stance ahead of wage hikes that could kick-start spending later this year.