Japanese Business Sentiment Lower in December

Business sentiment in Japan went down for the fifth straight month in December, a Teikoku Databank Ltd. survey showed Thursday.

The business confidence diffusion index for the reporting month came to 43.0, down 0.5 point from the preceding month, the private credit research firm said.

A rise in personnel costs, higher raw material prices reflecting the weaker yen, and heavy snow dealt a blow to construction companies and other industries, it said.

The index declined for six of the 10 industrial sectors. Of them, the construction industry is finding it difficult to take on new orders amid a shortage of workers, while the transportation and warehouse sector faces a decrease in logistics linked to public works projects, Teikoku Databank said.

via Japan News

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza