Economic Buzz: Japan Large Manufacturers Sentiment Weakens Sharply

12 Dec 2022 , 12:01 PM

Japan large manufacturers sentiment deteriorated in the fourth quarter, the business outlook survey published by the Ministry of Finance showed on Monday. At -3.6, the business survey index of large manufacturers turned negative in the fourth quarter, down from +1.7 in the third quarter. The index is expected to rise to +1.4 in the next quarter. The business survey index for large non-manufacturers rose to 2.7 from -0.2 in the third quarter. However, the score is forecast to weaken to 1.9 in the first quarter of 2023.The overall BSI for overall large industries stood at +0.7 versus +0.4 a quarter ago. For the coming quarter, the score is expected to come in at 1.8.Powered by Commodity Insights