BOJ tankan underscores worries about renewed volatility

Tokyo

THE wary tone of the Bank of Japan's (BOJ) latest survey of Japanese business sentiment released on Monday was in tune with fast-spreading concerns about the danger of a renewed bout of turbulence in financial markets, with possible far-reaching repercussions on the global economy.

In its latest quarterly "tankan", the BOJ said that while overall business sentiment held up in the final quarter of this year, Japanese firms are more gloomy about future outlook. At the same time, while still appearing firm, corporate capital spending plans are being delayed until the second half of fiscal 2016.