FRIDAY, March 29, 2024
nationthailand

Japan business confidence slips in March survey: BoJ

Japan business confidence slips in March survey: BoJ

Confidence among Japan's biggest manufacturers has slipped after five quarters of rises, a key central bank survey showed Monday as a stronger yen dented exporter sentiment.

The Bank of Japan's Tankan report -- a quarterly survey of about 10,000 companies -- showed a reading of 24 among major manufacturers in its March survey against 26 in the December report.

Due to a triennial reshuffling of companies surveyed, the confidence for the December 2017 quarter was recalculated to 26 with the new base, from the 25 released in December.

The Tankan report, the broadest indicator of how Japan Inc is faring, marks the difference between the percentage of firms that are upbeat and those that see conditions as unfavourable.

The survey came after a batch of solid economic data released on Friday, which showed factory production picked up in February while the jobless rate stayed low.

RELATED
nationthailand