-
Tips for becoming a good boxer - November 6, 2020
-
7 expert tips for making your hens night a memorable one - November 6, 2020
-
5 reasons to host your Christmas party on a cruise boat - November 6, 2020
-
What to do when you’re charged with a crime - November 6, 2020
-
Should you get one or multiple dogs? Here’s all you need to know - November 3, 2020
-
A Guide: How to Build Your Very Own Magic Mirror - February 14, 2019
-
Our Top Inspirational Baseball Stars - November 24, 2018
-
Five Tech Tools That Will Help You Turn Your Blog into a Business - November 24, 2018
-
How to Indulge on Vacation without Expanding Your Waist - November 9, 2018
-
5 Strategies for Businesses to Appeal to Today’s Increasingly Mobile-Crazed Customers - November 9, 2018
Japan’s Industrial Output Falls 0.5% in August
The headline index for big manufacturers’ sentiment fell by 3 points to plus 12, marking the first deterioration in three quarters and roughly matching a median market forecast, the BOJ’s quarterly business sentiment survey showed on Thursday.
Advertisement
“The Tankan results indicate that Japan’s outlook remains grim”, said Yuichi Kodama, an economist at Meiji Yasuda Life Insurance in Tokyo.
Adding to the optimism expressed by non-manufacturing firms, business spending expectations soared over the quarter.
Large industry capex for the current fiscal year is now seen higher by 10.9%, well above forecasts for an increase of 8.7% and up from 9.3% expected in the second quarter.
Japan s factory output contracted 0.5 percent on-month in August, official data showed on Wednesday, as a slowdown in China weighs on exports.
The outlook came in with a score of 10, matching forecasts but down sharply from 16 in the three months prior.
Big manufacturers based their plans on an assumption that the yen will average 117.39 per dollar. “Additional easing by the Bank of Japan next month looks all but inevitable”.
The previous Tankan report showed sentiment among major manufacturers had improved to the highest level since March 2014, just before the government raised Japan’s sales tax. 7, while that of inventories was up 0.4 percent to 114.1.
“Weak factory output and today’s tankan won’t be enough for the BOJ to ease policy soon”.
Mr Abe on September 24 pledged to expand the world’s third-largest economy by 20% without elaborating on how and by when.
Tsuyoshi Ueno, a senior economist at NLI Research Institute, predicted the Bank of Japan would fire off more stimulus early next year.
Despite the sharp uplift recorded, like large manufacturers, sentiment towards the December quarter moderated, falling to +19 from +21 reported previously. “I want to see decisive deregulation and structural reforms”.
Advertisement
October 1 Japanese stocks rose on Thursday, taking comfort from surveys showing contractions in China’s manufacturing activity may have bottomed out and on pockets of strength among Japanese firms despite the crunch felt by weak external demand.