Pandemic sinks Japan business mood to lowest since 2009 financial crisis

Japanese manufacturers' confidence sank in the second quarter to levels not seen since the 2009 global financial crisis, underscoring the damage the coronavirus pandemic inflicted on the export-reliant economy.

The Bank of Japan's closely-watched"tankan" survey also showed big non-manufacturers' mood tanked to a decade low, as lockdown measures put in place in April through late May forced businesses to shut and consumers to stay at home.The dismal readings reinforce market expectations Japan's economy is headed for deep recession as the fallout from the pandemic weighs on output and consumption.

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Pandemic sinks Japan business mood to lowest since 2009 financial crisisTOKYO (REUTERS) - Japanese manufacturers' confidence sank in the second quarter to levels not seen since the 2009 global financial crisis, underscoring the damage the coronavirus pandemic inflicted on the export-reliant economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Pandemic sinks Japan business mood to lowest since 2009 financial crisisTOKYO (REUTERS) - Japanese manufacturers' confidence sank in the second quarter to levels not seen since the 2009 global financial crisis, underscoring the damage the coronavirus pandemic inflicted on the export-reliant economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »