Skip to main content

Japan business sentiment perks up as hit from pandemic begins to ease

 The data offers some hope for Yoshihide Suga’s efforts to achieve an economic revival from the crisis and pave the way for hosting next year’s Tokyo Olympic Games

Photo: Reuters

TOKYO (Reuters) – Japanese business sentiment improved in July-September from a 11-year low hit three months ago, a key central bank survey showed, in a sign the economy is gradually emerging from the devastating hit from the coronavirus pandemic. The data offers some hope for new Prime Minister Yoshihide Suga’s efforts to achieve an economic revival from the crisis and pave the way for hosting next year’s Tokyo Olympic Games. But factory activity remained shaky and corporate capital expenditure plans were at their weakest since the 2009 global financial crisis, underscoring the challenge of pulling the world’s third-largest economy sustainably out of its slump.

As the pandemic’s pain persists, a ruling party heavyweight signalled Japan’s readiness to compile a “large-scale, bold” additional spending package. The headline index for big manufacturers’ sentiment improved to minus 27 in September, off a 11-year low of minus 34 in June but worse than a median market forecast of minus 23, the Bank of Japan’s closely watched “tankan” survey showed on Thursday.

While it showed many firms remain downbeat, it was the first sign of improvement in nearly three years. “The big manufacturers’ index turned out a little weaker than expected, reflecting an uneven recovery,” said Takeshi Minami, chief economist at Norinchukin Research Institute. “Capital expenditure may weaken in coming months as companies put off non-urgent spending plans amid slumping profits,” he said…Read More

Comments

Post a Comment

Popular posts from this blog

Meet Balesh Sharma, who will be the CEO of Vodafone-Idea merged entity

United Kingdom-based Vodafone Group and Aditya Birla Group have appointed Balesh Sharma as the chief executive officer (CEO) of the merged entity to be created as the local units of the two telecom majors come together for the India market. The appointment of Sharma has not come as a surprise to Vodafone employees, who have seen him taking control of the day-to-day functions of the company over the past year as its chief operating officer (COO). According to several employees of the company, over the past year or so, Sharma was the man responsible for running the company, with Vodafone India CEO Sunil Sood taking a backseat for routine activities. When everybody was guessing about the CEO of the new entity, there were a few people in Vodafone who were sure about Sharma taking the reins of the new company. Sharma, having worked in different positions for over 25 years, has been a Vodafone veteran.He was specially called to India in April 2017 as COO from the Czech Republic. Th...
Post a Comment
Read more

Best Unconventional Workout and Sporting Activities for Summer

In summers, depending upon conditions and circumstances one can incorporate both outdoor  and indoor activities in their training schedule.   Summer is the season of holidays, picnics, outings and beaches. With travel and binge eating proper workout becomes that much more essential in summers. But with heat and the sun outdoors, an individual has to balance his indoor and outdoor activities to get a fulfilling workout. In summers, depending upon conditions and circumstances one can incorporate both outdoor and indoor activities in their training schedule. Mentioned below are some of the best physical and sporting activities that one can use as a workout to stay fit in the summer season. Beach Sports - If in summers one is going to spend much time on beaches or at a beach destination then one may use beach sporting activities such as beach rugby, beach soccer, beach tennis and beach volleyball to stay fit. All of these sporting activities on sand provide a ...
Post a Comment
Read more