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TABLE-Japan firms increasingly passing on costs; split on next BOJ gov

·3 min read

TOKYO, July 14 (Reuters) - Nearly four out of five Japanese big firms are transferring higher commodity costs to customers or intend to do so, a Reuters poll showed, as surging commodity prices and weak yen drive up import costs, hurting profitability. Below are questions and answers from the Corporate Survey, conducted for Reuters by Nikkei Research from June 29 through July 8. Answers are denoted in percentages. The poll and reply totals are in absolute terms. Some 248 big non-financial firms replied to the survey. 1. How will you set the prices of your main goods and services for the latter half of this year? (Pick one) Big Slight Unchanged Slight Big Polled Replied increase increase decrease decrease All 15% 57% 26% 2% 0% 495 239 Manufacturers 22% 58% 19% 1% 0% 248 122 Non-manufacturers 7% 56% 33% 3% 1% 247 117 2. Have you been able to pass on rising global commodity costs to your selling prices? (Pick one) Yes Not yet but will Not able Polled Replied already do eventually to All 21% 57% 22% 495 237 Manufacturers 26% 61% 12% 248 122 Non-manufacturers 16% 51% 33% 247 115 3. What levels would be appropriate for the Bank of Japan's inflation target? (Pick one) 0% 0.5% 1% 1.5% 2% 2.5% or more No need for target Polled Replied All 0% 1% 10% 7% 58% 5% 18% 495 227 Manufacturers 1% 0% 9% 9% 59% 4% 18% 248 114 Non-manufacturers 0% 2% 12% 5% 58% 6% 18% 247 113 4. What will overall pay be like at your company this fiscal year compared with last? (Pick one) Decline by Decline Decline Unchanged Increase Increase Increase by Poll Replied more than 5% by 3-5% by 1-3% by 1-3% by 3-5% more than 5% All 1% 2% 6% 33% 41% 10% 8% 495 235 Manufacturers 2% 2% 7% 36% 37% 9% 8% 248 118 Non-manufacturers 0% 2% 4% 30% 45% 10% 9% 247 117 5. What do you think of the BOJ head's remark that households were becoming accepting of price hikes? Appropriate Inappropriate Polled Replied All 24% 76% 495 226 Manufacturers 25% 75% 248 114 Non-manufacturers 23% 77% 247 112 6. Do you think BOJ Governor Haruhiko Kuroda should serve out his term through April 8 next year? Yes Should step down Polled Replied before that All 75% 25% 495 224 Manufacturers 71% 29% 248 112 Non-manufacturers 80% 20% 247 112 7. What quality do you think is needed for next BOJ governor? (Pick up to two) Well-versed with Have academic Good at Other Polled Replied international affairs, background working-level skilled at language ability All 25% 12% 80% 7% 495 227 Manufacturers 23% 10% 83% 7% 248 115 Non-manufacturers 27% 14% 78% 7% 247 112 8. Who do you think would be most appropriate as next the BOJ governor? BOJ Gov Deputy Gov Former Deputy ADB head Columbia uni Others Polled Replied Kuroda Amamiya Gov Nakaso Asakawa professor Ito All 10% 16% 18% 18% 8% 29% 495 205 Manufacturers 12% 16% 16% 21% 9% 27% 248 103 Non-manufacturers 9% 17% 21% 15% 8% 31% 247 102 (Reporting by Tetsushi Kajimoto; Editing by Christopher Cushing)