Japan's business mood sours as global slowdown bites - tankan

TOKYO : Japan's business sentiment soured in January-March to hit the worst level in more than two years, a closely-watched central bank survey showed on Monday, as slowing global growth clouds the outlook for the export-reliant economy.

The survey will be among key data the central bank will scrutinise in producing fresh quarterly growth and inflation estimates at its next meeting on April 27-28 - the first one to be chaired by incoming Governor Kazuo Ueda. Big non-manufacturers' index rose for a fourth quarter to plus 20 from plus 19 in December, matching a median market forecast, the survey showed.

Companies expect inflation to hit 2.8 per cent a year from now, 2.3 per cent three years from now and 2.1 per cent five years from now, the survey showed in a sign firms are bracing for inflation to remain above the central bank's 2 per cent target for years to come.

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Japan business mood sours for 5th qtr amid global uncertainty -BOJ tankanTOKYO : Business sentiment at big Japanese manufacturers worsened in the three months to March for a fifth straight quarter, the Bank of Japan's key quarterly tankan survey found, as Western banking woes added to uncertainty over already slowing global growth.The headline index for big manufacturers' sent
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