Big Japanese manufacturers remained pessimistic about business conditions for a third straight month in March, the closely watched Reuters Tankan survey showed, reflecting worry about slowing global growth that could hurt the country's export engine.
Service-sector firms' mood rebounded in a sign of domestic demand-driven recovery, in which the prospects of higher wages among big firms at the spring labour talks may encourage households to spend their way out of the COVID-induced doldrums.
The Reuters Tankan, designed to closely track the Bank of Japan's key quarterly tankan survey, suggested the central bank's survey due next April 3 will likely show deterioration in business confidence at big manufacturers. "Price hikes caused by the war in Ukraine and U.S.-China trade frictions have made our clients cautious about capital expenditure," a manager of a machinery maker wrote in the survey.
Compared with three months ago, the manufacturers' index was down 11 points, suggesting worsening of sentiment in the BOJ tankan's headline big manufacturers index.The large service-sector firms' index rebounded to plus 21 in March from plus 17 seen in the previous month. The index is expected to fall to plus 16 in June.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Pessimism persists at big Japanese manufacturers amid global slowdown – Reuters TankanPessimism persists at big Japanese manufacturers amid global slowdown – Reuters Tankan – by anilpanchal7 Japan Manufacturing SentimentPoll RiskAversion USDJPY
Leer más »
Investor pessimism is reaching extremes, and that may be good for marketsExtreme sentiment has historically been associated with market bottoms. Right now opinions are pretty negative.
Leer más »
Big changes — and a big chance at rebounding — are coming to SLC’s western gatewaySalt Lake City and private developers have big plans for the North Temple area.
Leer más »
College basketball is better when the Big East is bigYou know what would be great for this sport, particularly as its biggest regular-season draw, Duke-Carolina, transitions into a new era?
Leer más »
Japanese leader arrives in Kyiv as China's Xi visits RussiaKYIV, Ukraine (AP) — Japanese Prime Minister Fumio Kishida arrived in Kyiv for a surprise visit shortly after noon Tuesday, hours after Chinese President Xi Jinping arrived in neighboring Russia for a three-day trip.
Leer más »
Japanese leader arrives in Kyiv as China’s Xi visits RussiaThe dueling summits come as the longtime rivals are on diplomatic offensives.
Leer más »