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Confidence weakened among Japan's major manufacturers for the first time in nearly two years, a key business survey showed Friday, as concern grows over the impact of the Ukraine crisis. The Bank of Japan's Tankan business survey a quarterly poll of about 10,000 companies showed a reading of…
JAPAN
<strong>Manufacturing reading falls</strong>
Confidence weakened among major manufacturers for the first time in nearly two years, a key business survey showed yesterday, as concern grows over the impact of the war in Ukraine. The Bank of Japan’s Tankan business survey a quarterly poll of about 10,000 companies showed a reading of plus-14 for major manufacturers, lower than the previous plus-17. A positive figure means more manufacturers see business conditions as favourable than those that consider them unfavourable. “While [plus-14] is still not particularly weak by past standards, it suggests that supply shortages are still hampering some manufacturers,” said Tom
Confidence weakened among Japan's major manufacturers for the first time in nearly two years, a key business survey showed Friday, as concern grows over the impact of the Ukraine crisis.