Arab Today, arab today japanese business confidence falls
Last Updated : GMT 05:49:29
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.  

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

 



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 Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
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 Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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