Business sentiment in Japan takes sharp dive
Survey by central bank of 10,000 businesses shows confidence levels in March at lowest in 3 years
Tokyo
THE sharp and across-the-board drop in Japanese business sentiment revealed in the latest tankan survey by the Bank of Japan (BOJ) has cast further doubt on the success of Prime Minister Shinzo Abe's brand of economics, and is likely to spur fresh attempts to revive the country's flagging economy with further short-term stimulus.
The latest quarterly survey published on Friday, conducted among more than 10,000 Japanese firms, indicated that sentiment in March had plunged to their lowest in three years, with business firms saying they expect conditions to worsen in the coming months, as exports and domestic demand remain soft.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month