Nearly 80% of Japan's top executives say the economy is still expanding.
Can they say, 'thank you, China?'
The number was as high as 87% in a previous poll.
An economic slowdown in the U.S., subprime mortgages and higher energy and commodity prices are blamed.
Nine in 10 execs say they are in favor of mergers and acquisitions as a way of expanding their operations and global market shares.
The top sources of concerns for Japan's economy -
"political and economic developments in the U.S." - 93%
"rising costs due to continuing high prices of natural resources" - 64%
Only one in five business leaders are saying that consumer spending is picking up.
Active industry consolidation
in food, drugs and electronics sectors - 72% said they "view the trend positively.
91% gave positive evaluations, including the 15% who said industry realignment is "desirable" and the 4% responding that "it is necessary in order to close the gap with overseas firms."
Divide and conquer? Nope.
Combine and compete is more the charge in Japan.
Do you think Japan's economy is expanding on its own or because the global economy is expanding as a whole?
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