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Japan business mood worsens on hit from China’s lockdown, rising costs

Mount Equity Group Tokyo Japan > News > Business > Japan business mood worsens on hit from China’s lockdown, rising costs

Cranes at an industrial port are seen in front of Mount Fuji in Tokyo, Japan, February 17, 2022. REUTERS/Kim Kyung-Hoon

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  • Big manufacturers’ sentiment index at +9 vs f’cast +13
  • Big non-manufacturers’ index at +13 vs f’cast +14
  • Capex plans for big firms seen rising 18.6% yr/yr in fiscal 2022
  • Tokyo core consumer prices rises at fastest pace in 7 years
  • Tankan among data to be scrutinised at BOJ’s July 20-21 meeting

TOKYO, July 1 (Reuters) – The mood among Japan’s big manufacturers’ soured for a second straight quarter in the three months to June, a central bank survey showed on Friday, hit by rising input costs and supply disruptions caused by China’s strict COVID-19 lockdowns.

But confidence among big non-manufacturers improved in the quarter, the “tankan” quarterly survey showed, suggesting service-sector firms are shaking off the drag from the pandemic as the government lifts curbs…

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