Japan's business mood slumps to two-year low as trade war hits: Survey

TOKYO: Japanese big manufacturers' business confidence worsened to a two-year low in the March quarter, a central bank survey showed, underscoring concerns that Sino-US trade tensions and softening global demand were taking a toll on the export-reliant economy.

The index hit the lowest level since March 2017 and fell at the fastest pace since December 2012, as manufacturers felt the pinch from slumping demand for electronics parts, automobiles and machinery goods, the survey showed.

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