Skip to Content
AP National Business

Bank survey shows Japan’s businesses turning pessimistic

KION
By
Published 7:04 PM

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Business sentiment among big Japanese manufacturers worsened in the first quarter of this year. That’s according to a Bank of Japan survey of business sentiments called “tankan.” It was the fifth straight decline in manufacturers’ sentiments in the quarterly survey. The central bank’s survey released Monday showed manufacturers’ sentiments stood at plus 1, down from plus 7 in December. It’s the worst result since December 2020. However, sentiments among non-manufacturers improved one point to plus 20, marking the fourth straight quarter of improvement. The Japanese economy has been hit by inflationary pressures, even as it sees continuing deflation.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content