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Japan business confidence drops for 4th straight quarter – Tankan survey

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The Bank of Japan's Tankan business survey is considered to be the broadest indicator of how Japan Incorporated is faring.

FRENZY. File photo of Pedestrians walking at Tokyo's famouse Shibuya Crossing. Shutterstock.com

The Bank of Japan's December Tankan business survey – a quarterly poll of about 10,000 companies – showed a reading of 0 among major manufacturers, a worse-than-expected fall from +5 in the previous quarter. The market consensus was for a +3 reading.

 

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