Arab Today, arab today japanese business confidence falls
Last Updated : GMT 01:40:46
Arab Today, arab today
Arab Today, arab today

Japanese business confidence falls

Arab Today, arab today

Arab Today, arab today Japanese business confidence falls

Tokyo - AFP

Japan Inc is singing the corporate blues again, with business confidence plunging amid growing worries over Europe\'s debt crisis and a strong yen, according to a key survey. Large manufacturers\' sentiment in December dropped to a worse-than-expected \"minus four\" from positive \"two\" in September, Bank of Japan\'s quarterly Tankan survey revealed on Thursday. The figures represent the percentage of companies saying business conditions are good minus those saying conditions are bad. The survey is taken into account by the BoJ when formulating monetary policy. The latest reading was worse than the median forecast of \"minus two\" by economists polled by Dow Jones Newswires, and marked the first drop since the June survey, when the headline reading stood at \"minus nine\". \"The data are the latest showcase of Japanese companies getting hammered by the strong yen and weakening overseas economic growth,\" said Mizuho Research and Consulting senior economist Norio Miyagawa. \"The strong yen, if it persists, would make Japanese firms\' competitiveness against rivals overseas weaker and weaker, so it\'s important that the government takes some bold action,\" he said. The strength of Japan\'s currency -- which has hit fresh post-war highs in recent months -- has also weighed on business confidence. A strong yen hurts Japanese exporters by making their products relatively more expensive overseas and shrinks their foreign earnings when repatriated. Businesses and analysts have long voiced worries that further deterioration in the European debt crisis could cause serious problems for Japan\'s export-dependent economy. Severe floods in Thailand have also disrupted production among many top Japanese manufacturers, including Toyota and Sony, ahead of the year-end shopping season. Among key sectors, sentiment among non-ferrous metals and electric machinery producers was most depressed. But the auto sector as a whole became more optimistic, moving to plus 20 from 13 in the September survey, despite voicing frustration over the high yen and the Thai floods as they recovered from Japan\'s earthquake and tsunami in March. In the previous survey in September, major firms expressed optimism as Japanese automakers had quickly recovered from heavy disruption to component supply chains and power networks caused by the double disaster. Sentiment among large non-manufacturers improved to plus four in December from a reading of plus one in September, supported by private consumption. \"Domestic demand appears in a good shape,\" said Takahide Kiuchi, chief economist at Nomura Securities. \"With an expected recovery in domestic auto production, the Japanese economy doesn\'t look like derailing from a recovery track,\" he said. Looking ahead large manufacturers expected business sentiment to further worsen to minus five in the next survey in March, while large non-manufacturers expect their sentiment index to fall to zero. The central bank received valid answers from 98.9 percent of the 10,846 participating companies.  

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 japanese business confidence falls Arab Today, arab today japanese business confidence falls

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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