Investor Alert

London Markets Close in:

Dow Jones Newswires Archives | Email alerts

Oct. 2, 2022, 8:12 p.m. EDT

Japan Large Manufacturers' Sentiment Weakens for Third-Straight Quarter

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Megumi Fujikawa

TOKYO--Sentiment among Japan's large manufacturers deteriorated in the three months to September, the third straight quarter it has worsened, amid lingering concerns over supply shortages.

The main index for sentiment among large manufacturers was +8, compared with +9 in the previous June survey, according to the Bank of Japan's quarterly tankan corporate survey released Monday.

The reading was lower than a projection for +11 from a poll of economists by data provider Quick. The index represents the percentage of companies who said business conditions were favorable minus those saying conditions were unfavorable.

Big companies plan to increase their capital expenditure by 21.5% for the fiscal year ending March 2023, compared with plans for a 18.6% increase in the previous June survey.

Write to Megumi Fujikawa at megumi.fujikawa@wsj.com

This Story has 0 Comments
Be the first to comment
More News In
Dow Jones Newswires

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.