Japanese big manufacturers' business confidence worsened to a six-year low ...
TOKYO - Japanese big manufacturers’ business confidence worsened to a six-year low in the July-September quarter, a central bank survey showed, a sign the bitter U.S.-China trade war is taking a heavier toll on the export-reliant economy.
The weak readings will keep the central bank under pressure to extend more monetary support for a fragile economy when its board meets for a rate review on Oct. 30-31. “Capital expenditure is also firm. I don’t think today’s data is gloomy enough to further heighten market expectations of near-term monetary easing.”
The big non-manufacturers’ sentiment index stood at plus 21, worsening from plus 23 in June and roughly matching a median market forecast for plus 20.Both big manufacturers and non-manufacturers expect sentiment to worsen in October-December, as overseas growth shows little sign of pick-up and the domestic sales tax hike seen hurting household spending.
Capital expenditure has been among the few bright spots in Japan’s economy as non-manufacturers continue to invest heavily on automation to cope with a tight labor market, offsetting the weakness in manufacturers’ spending.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Japan to monitor sales tax hike impact, stands ready to act -econminJapanese Economy Minister Yasutoshi Nishimura said on Monday he would watch the ...
Weiterlesen »
Asian shares mostly flat, Japan hurt by Sino-U.S. tensionsAsian stock markets, including China's, were little changed on Monday, shru...
Weiterlesen »
World Cup organizers warn of typhoon approaching JapanWorld Cup organizers have briefed both France and the United States on 'con...
Weiterlesen »
Japan fans in disbelief after winning against IrelandJapanese rugby fans were still in disbelief on Sunday, a day after the Rugby Wor...
Weiterlesen »
Lack of shock value a measure of how far Japan have come - BorthwickJapan's stunning World Cup victory over Ireland did not register as a huge ...
Weiterlesen »