You are here

Japan households gloomiest on outlook since 2008: BOJ survey

rk_bankofjapan_070420.jpg
Japanese households were the gloomiest on the economic outlook since the collapse of Lehman Brothers in 2008, a quarterly central bank survey for March showed on Tuesday, adding to woes for an economy feeling the strain from the coronavirus pandemic.

[TOKYO] Japanese households were the gloomiest on the economic outlook since the collapse of Lehman Brothers in 2008, a quarterly central bank survey for March showed on Tuesday, adding to woes for an economy feeling the strain from the coronavirus pandemic.

An index gauging households' sentiment on the economy a year from now stood at -42.2, down from -32.6 in December to hit the lowest level since December 2008, according to the survey conducted between Feb. 6 and March 3.

Of those surveyed, 68.4 per cent expect prices to rise from a year ago, down from 73.3 per cent to hit the lowest level since March 2017, the survey showed.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes