Economic Buzz: Japans Manufacturing Confidence Dips Further

13 Jun 2022 , 12:08 PM

Japan large manufacturers confidence weakened further in the second quarter, business outlook survey results from the Ministry of Finance showed. The business survey index for big manufacturers dropped to -9.9 in the June quarter from -7.6 in the first quarter. Meanwhile, the sentiment index for large non-manufacturers improved to +3.4 from -7.4 in the preceding quarter. As a result, the overall BSI for overall large industries rose to -0.9 from -7.5. The business confidence indicators among all industries are forecast to improve in the third quarter. The BSI for manufacturers is forecast to rise to 8.2 and that for non-manufactures to 5.5.Powered by Commodity Insights