Japan business mood dims for a 2nd quarter as costs rise: BOJ Tankan
Business sentiment among Japan's large manufacturers cooled for the second straight quarter amid economic headwinds, including the war in Ukraine, the extended lockdown in China, and global supply shortages and inflation, the Bank of Japan's latest Tankan survey showed Friday.
The headline diffusion index (DI) of sentiment among large manufacturers came to plus 9 for June, compared with plus 14 in March.
Economists had predicted a reading of plus 12, according to a Nikkei survey of 21 forecasters.
The headline figure was weighed down by a slump in sentiment in basic materials sectors, such as steel, whose profit margins have been squeezed by higher commodity prices and the weaker yen, while "sentiment at the auto industry didn't deteriorate as much as feared despite the parts shortages caused by the extended COVID lockdown in China," said Hideo Kumano, chief economist at Dai-ichi Life Research Institute.
News On Japan - Nov 25
Nissan Motor Corporation has announced plans to transition all its vehicles produced in the United Kingdom to electric vehicles (EVs).
News On Japan - Nov 24
The amount of undeclared income by wealthy people in Japan has reached a record high of 98 billion yen, among the worst offenders being scrap gold wholesalers, breeders and yakiniku restaurants, the National Tax Agency announced on Friday.
NHK - Nov 24
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NHK - Nov 24
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Reuters - Nov 24
Japanese stocks witnessed massive foreign inflows in the week ended Nov. 17, underpinned by strong corporate earnings and as investors tempered some of their initial enthusiasm about the prospect of a series of U.S. interest rate cuts.
theceomagazine.com - Nov 24
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News On Japan - Nov 23
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carscoops.com - Nov 23
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acs.org - Nov 23
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newsonjapan.com - Nov 23
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Reuters - Nov 22
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News On Japan - Nov 22
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Business Mirror - Nov 22
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ndtv.com - Nov 22
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News On Japan - Nov 21
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News On Japan - Nov 20
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