{"id":168607,"date":"2018-07-01T23:47:37","date_gmt":"2018-07-02T03:47:37","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=168607"},"modified":"2018-07-01T23:47:37","modified_gmt":"2018-07-02T03:47:37","slug":"bank-of-japan-survey-shows-corporate-sentiment-worsening","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/01\/bank-of-japan-survey-shows-corporate-sentiment-worsening\/","title":{"rendered":"Bank of Japan survey shows corporate sentiment worsening"},"content":{"rendered":"
\"The<\/a>
The Bank of Japan’s \u201ctankan\u201d survey measuring confidence among large-scale manufacturers was at 21 points, down 3 from the March survey, which was the first decline in two years. (Photo by Wikimedia Commons, Public Domain<\/a>)<\/figcaption><\/figure>\n

TOKYO — A central bank survey released Monday showed Japan’s corporate outlook has worsened from three months ago, underlining fears in this export-reliant economy about trade tensions.<\/p>\n

The Bank of Japan’s \u201ctankan\u201d survey measuring confidence among large-scale manufacturers was at 21 points, down 3 from the March survey, which was the first decline in two years.<\/p>\n

The manufacturers surveyed include automakers and electronics companies that are the mainstay of Japan’s economy.<\/p>\n

Worries are growing about trade friction over President Donald Trump’s tariffs and other nations’ action in response, including China and Europe.<\/p>\n

Tankan, long seen as an important indicator of economic health, looks at the difference between companies surveyed that have a \u201cfavourable\u201d outlook and those with an \u201cunfavourable\u201d outlook. The results show optimists outnumber pessimists but that difference is shrinking.<\/p>\n

The tankan showed that big non-manufacturing companies, a group that includes the service sector, reported slightly better sentiment, at 24, up from 23.<\/p>\n

That suggests domestic demand remains robust, said Chang Wei Liang, analyst at Mizuho Bank in Singapore.<\/p>\n

The world’s third-largest economy has picked up steam in recent years under Prime Minister’s Shinzo Abe’s \u201cAbenomics\u201d deflation-fighting stimulus program, which has kept credit cheap and tried to push prices higher to compel businesses and consumers to spend more.<\/p>\n

Although Trump’s tariff policies have yet to actually dent the economy, worries are simmering that they could set off a global slowdown and deaden Japan’s exports, a key force for economic growth here.<\/p>\n

Japan’s longest streak of economic expansion in about three decades, or the so-called \u201cbubble\u201d economy of the 1980s, ended in the first quarter of this year, marking the first pullback in two years, according to government data.<\/p>\n

But many are expecting the economy to have rebounded in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO — A central bank survey released Monday showed Japan’s corporate outlook has worsened from three months ago, underlining fears …<\/p>\n","protected":false},"author":33,"featured_media":79196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[11766,667],"class_list":["post-168607","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank-of-japan","tag-japan","mauthors-yuri-kageyama","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/168607","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=168607"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/168607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/79196"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=168607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=168607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=168607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}