Arab Today, arab today japan business confidence up but economy sluggish
Last Updated : GMT 07:55:03
Arab Today, arab today
Arab Today, arab today

Japan business confidence up but economy sluggish

Arab Today, arab today

Arab Today, arab today Japan business confidence up but economy sluggish

Japanese business confidence improves in the three months to September
Tokyo - AFP

Confidence among major Japanese manufacturers improved in the past quarter after a sharp drop in the previous three months, a Bank of Japan survey showed Wednesday, but analysts warned the economy was not yet back on track.
The surprise result came after a string of weak data this week -- including a fall in factory output and household spending -- that fanned fears about the damage inflicted by an April sales tax hike, Japan's first in 17 years.
The levy rise slammed the brakes on the world's number three economy, underscored by a sharp contraction in gross domestic product between April and June.
Worries about another downturn in the three months to September have fuelled expectations the Bank of Japan (BoJ) will unveil further monetary easing measures after its policy meeting next week.
It has also thrown into question Tokyo's plans to raise sales taxes again next year as it tries to rein in one of the world's heaviest debt burdens.On Wednesday, the BoJ's closely watched Tankan survey for July-September showed confidence among large manufacturers stood at plus 13, up one point from the previous quarter and beating market expectations for a plus 10 reading.
The survey of more than 10,000 companies -- the most comprehensive indicator of how Japan Inc. is dealing with the tax rise -- marks the difference between the percentage of firms that are upbeat and those that see conditions as unfavourable.
In another positive sign, expectations for capital spending also rose while the report suggested that the labour market had tightened to levels last seen in the early 1990s.
- 'Path to recovery slow' -
But the reading for large companies in the non-manufacturing sector tumbled to plus 13 from plus 19 in the previous three months."The sharp deterioration in business conditions in the non-manufacturing sector in today's Tankan suggests that output may have shrunk yet again in the third quarter," warned Marcel Thieliant from Capital Economics.
"The outlook doesn't suggest a rapid recovery, either. Large manufacturers expect conditions to remain unchanged this quarter, while large firms in the non-manufacturing sector predict a small improvement," he added.
Tsuyoshi Ueno, a senior economist at NLI Research Institute, said: "This is not a perfectly rosy picture...Big companies see economic conditions plateauing over the next three months. The latest Tankan cannot be seen as a sign of recovery yet."
Business sentiment improved when Prime Minister Shinzo Abe took office in late 2012 on a pledge to kickstart the laggard economy.
The Tankan survey for the January-March quarter soared to a more than six-year high as confidence about Tokyo's growth plan ran high, but that reading slumped in the following quarter, as Abe moved ahead with the sales tax hike.
On Tuesday, government figures did little to alleviate fears about the recovery with factory output taking a surprise drop and household spending weakening again.
Ueno said he expected Abe to press on with lifting sales taxes to 10 percent next year -- they rose to eight percent from five percent in April -- noting that the conservative premier has publicly pledged to tackle the debt mountain.
"The Japanese economy is still on the path of recovery although it is very slow," he added.
"The government will likely go ahead with another tax hike next year, while taking measures to stimulate the economy... It wouldn't be a popular decision, but (Abe's) government will have to do it anyway."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan business confidence up but economy sluggish Arab Today, arab today japan business confidence up but economy sluggish

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan business confidence up but economy sluggish Arab Today, arab today japan business confidence up but economy sluggish

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday