Chinese Demand and Strong Yen reasons for weak Japan Tankan survey

Japanese businesses sentiment worsened in the three months to September, underlining the weakness in the country’s economy.

The Bank of Japan’s Tankan Survey measures pessimism and optimism among large manufacturers.

The index showed the mood deteriorating to minus 3, compared to minus 1 in the June survey. It has been negative for four straight quarters.

Analysts said demand has been hit by a weak global economic picture.

“The details of the Tankan show that indexes for demand are weakening both domestically and overseas, reflecting the slowdown in the global economy and its impact on Japan,” said Hiraoki Muto from Sumitomo Mitsui Asset Management in Tokyo.

Via – BBC


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