Most Japanese firms will probably not increase hiring in 2014, and more than one company out of six will feel that they have to take cost-cutting steps in anticipation of the planned sales tax increase, all adding up to a still unsure economic future for the world’s third-largest economy. Japan Prime Minister Shinzo Abe gained early praise for his aggressive fiscal stimulus to wake the economy out of the doldrums, but it will take a stronger and more astute approach to weather the worries about deregulation and Japan’s enormous public debt.

Source:http://japandailypress.com/