{"id":158577,"date":"2018-04-02T03:02:42","date_gmt":"2018-04-02T07:02:42","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=158577"},"modified":"2018-04-02T03:02:42","modified_gmt":"2018-04-02T07:02:42","slug":"japan-survey-shows-corporate-sentiment-is-worsening","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/04\/02\/japan-survey-shows-corporate-sentiment-is-worsening\/","title":{"rendered":"Japan survey shows corporate sentiment is worsening"},"content":{"rendered":"
\"Japan<\/a>
Japan flag (Photo: inu-photo\/ Flickr<\/a>)<\/figcaption><\/figure>\n

TOKYO \u2014 \u00a0A quarterly business outlook survey by Japan’s central bank shows corporate sentiment has worsened for the first time in two years.<\/p>\n

The Bank of Japan’s \u201ctankan\u201d index for large manufacturers, released Monday, was 24 in March, down two points from December.<\/p>\n

The forecast continued to be pessimistic with the index expected to fall to 20 over the next quarter.<\/p>\n

The survey is seen as a major economic indicator.<\/p>\n

The index is the difference between companies surveyed that have a \u201cfavourable\u201d outlook and those with an \u201cunfavourable\u201d outlook.<\/p>\n

So the reading still shows optimists outnumber pessimists but that difference is starting to shrink.<\/p>\n

A looming U.S.-China trade war after President Donald Trump’s tariffs and China’s action in response could further hurt the Japanese economy.<\/p>\n

The results also show the momentum of growth under \u201cAbenomics\u201d could be running out of steam.<\/p>\n

Prime Minister Shinzo Abe has been trying to wrest the economy out of decades of doldrums by fighting deflation, a continuing spiraling down of prices that deadens the economy \u2014 \u00a0an effort that has met with some success.<\/p>\n

But the Japanese economy is heavily dependent on exports and hurt by a shrinking of its labour force.<\/p>\n

\u201cSofter than expected tankan for large manufacturers marked by first slippage, albeit modest, in eight quarters being attributed to a stronger Japanese yen,\u201d says Vishnu Varathan, of the Asia and Oceania Treasury Department of Mizuho Bank.<\/p>\n

A strong yen erodes the value of Japan’s exports when converted into yen.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO \u2014 \u00a0A quarterly business outlook survey by Japan’s central bank shows corporate sentiment has worsened for the first time …<\/p>\n","protected":false},"author":33,"featured_media":93467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,17],"tags":[11766,49194,667,49193],"class_list":["post-158577","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-w","tag-bank-of-japan","tag-corporate-sentiment","tag-japan","tag-japan-survey","mauthors-yuri-kageyama","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/158577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=158577"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/158577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/93467"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=158577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=158577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=158577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}