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Japan Economic Sentiment Worsens
Japan's large manufacturers are increasingly glum about the country's economic outlook, according to the Bank of Japan.
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Japan's large manufacturers are increasingly glum about the country's economic outlook, according to the Bank of Japan.
The bank's Tankan index slid to -12 in the October-December period from -3 in the previous quarter. A reading below zero means pessimists outnumber optimists. The index has been negative for five consecutive quarters.
The bank attributes the gloomier outlook mostly to tensions with China that have hurt Japan's exports. That situation is especially dire for Japanese carmakers. Sentiment among automakers plunged to -9 in the current quarter from +19 three months earlier.
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