According to Reuters article published on December 14, 2022, business confidence among big Japanese manufacturers worsened in the three months to December for a fourth straight quarter, the Bank of Japan's closely watched tankan survey showed, amid rising costs of living and a slowdown in the global economy.
The headline index for big manufacturers' sentiment was plus 7 in December, the survey showed on Wednesday, compared with plus 8 in September and plus 6 expected in a Reuters poll. It was expected to deteriorate further to plus 6 in March.
The survey also showed big firms plan to raise their capital spending by 19.2% in the financial year to March, versus an increase of 20.9% expected by economists and a 21.5% gain seen in the previous survey, the tankan showed.
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Published on December 14, 2022 12:42 PM (GMT+8)Last Updated on December 14, 2022 12:42 PM (GMT+8)
