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Japan manufacturers' mood slumps to 2.5 year low: poll

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[TOKYO] Japanese manufacturers' business confidence slipped to a 2-1/2-year low in April, a Reuters poll showed on Thursday, underlining growing concerns the economy could slip into a recession in the face of slowing external demand. Read more at The Business Times.

Japanese manufacturers' business confidence slipped to a 2-1/2-year low in April, a Reuters poll showed on Thursday, underlining growing concerns the economy could slip into a recession in the face of slowing external demand.[TOKYO] Japanese manufacturers' business confidence slipped to a 2-1/2-year low in April, a Reuters poll showed on Thursday, underlining growing concerns the economy could slip into a recession in the face of slowing external demand.

Manufacturers' mood is expected to rebound over the coming three months and service-sector morale is also seen edging up slightly, although the pace of recovery appears weak. The Reuters Tankan sentiment index for manufacturers stood at eight in April, down two points from March, weighed on by manufacturers of processed food, transport equipment machinery and chemicals, the April 3-15 survey showed.It is expected to rebound to 13 in July.

In the fourth quarter, Japan's economy managed a modest bounce after a contraction in the previous quarter as floods and an earthquake temporarily halted production. The worry is that the recovery is being stunted by a cooling global economy.

 

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