Japan business confidence lowest since 2009 | The Malaysian Insight

An employee in a mask holds a notice for social distancing in the cabin of a shuttle train in Tokyo Disneyland during the reopening day of the park today. – AFP pic, July 1, 2020.

CONFIDENCE among Japan’s biggest manufacturers plunged to the worst level since 2009, a key survey showed today as the coronavirus pandemic hits global demand and disrupts production. The Bank of Japan’s June Tankan business survey – a quarterly poll of about 10,000 companies – showed a reading of minus 34 among major manufacturers, the lowest level since June 2009 when the global financial crisis hit the world’s third-largest economy.

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