Japan firms see prolonged Sino-US trade war, China slowdown to persist: Reuters poll

TOKYO: Three in four Japanese companies expect U.S.-China trade frictions to last until at least late this year, a sharp contrast to market hopes that presidents Donald Trump and Xi Jinping might soon strike a deal to end their damaging trade war, a Reuters poll found.

Global financial markets have been buoyed by hopes that Trump and Xi could soon iron out a deal, ever since Trump delayed a threatened March 1 tariff hike. Treasury Secretary Steven Mnuchin said last week both sides were"working in good faith" to try to reach a deal"as quickly as possible." "Demand for electronics parts and cars is cooling, which we are afraid will curb growth," wrote a chemicals maker manager.

Those who want the central bank to unwind its easing fell to 27 percent from 45 percent in a January 2018 poll, while the share wanting it to hold steady rose to two-thirds from 49 percent. But inflation has been nowhere near the target, and the risks of keeping policy too low for too long are rising.

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