Real-time N.H. traffic updates

Mar 31, 2016 11:12 PM

Japanese business confidence index slumps more than expected

The Associated Press

TOKYO (AP) A closely watched index of confidence at major Japanese companies slumped more than expected in March, sending stocks down in trading in Tokyo on Friday.

The "tankan" index for large manufacturers fell to 6 in March, down from 12 in December, according to the Bank of Japan's quarterly survey. Analysts polled last week by Japan's Kyodo News service predicted it would fall to 8.

Japan's big exporters have been hit by a double whammy of a slowing Chinese economy and a rising yen.

The index measures the percentage of responding companies that say business conditions are better minus the percentage that say they are worse. So an index level of 6 means slightly more companies are optimistic than pessimistic. Companies can also respond that conditions are unchanged.

The index for large non-manufacturing companies, such as construction, retail and services, fell to 22, down from 25 in December.

The survey covered 10,930 large, medium and small companies, of which 1,087 were large manufacturers and 1,043 were large nonmanufacturers.

--  Dealing with the Disease of Addiction? Click here for help --

--

»Comments

Concord, NH
Broken Clouds 23°
1am 23°
2am 22°
3am 18°
4am 17°

 

N.H. DollarSaver

Wednesday March 22, 2017

 

NH1 on Facebook

Download NH1 App

NH1 on Twitter

Check out NH1 News Rail Polls on LockerDome on LockerDome