Report reveals gloom among Japanese manufacturers

Japanese manufacturers are increasingly gloomy about their prospects as exports take a hit from antagonism with China over a territorial dispute, a quarterly survey by Japan’s central bank showed.

The Bank of Japan’s “tankan” index for the December quarter slumped to minus 12 from minus 3 in the previous quarter, a result that was much worse than expected. A reading below zero means pessimistic views outnumber optimists.

While the survey is a measure of sentiment, not data, it ups the likelihood of further easing by the central bank at its policy meeting next week.

The ruling Democratic Party of Japan is widely expected to suffer a harsh rebuke from voters in a parliamentary election on Sunday.

More in this Section

Leo Varadkar rules out supporting the EU’s proposed budgetLeo Varadkar rules out supporting the EU’s proposed budget

Survey finds huge drop last year in firms leasing flexible office space in DublinSurvey finds huge drop last year in firms leasing flexible office space in Dublin

Business leaders warn of workers shortage in NI under new UK immigration rulesBusiness leaders warn of workers shortage in NI under new UK immigration rules

Investor BGF opens Cork office to target Munster firmsInvestor BGF opens Cork office to target Munster firms


Lifestyle

Sales of artisan sourdough bread are on the rise. It's all very well if you're happy to pay for a chewy substantial loaf but does it have any real health benefits? Áilín Quinlan talks to the expertsFlour power: The rise and rise of sourdough bread

More From The Irish Examiner