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Japan Big Makers' Sentiment Worsens for 1st Time in 4 Quarters

Japan Big Makers' Sentiment Worsens for 1st Time in 4 Quarters

   Tokyo, April 1 (Jiji Press)--Business sentiment among large manufacturers in Japan deteriorated for the first time in four quarters, the Bank of Japan's "tankan" quarterly survey for March showed Monday.
   The headline diffusion index for large manufacturers' current business conditions stood at plus 11, against plus 13 in the previous survey for December, the BOJ said.
   The latest DI reading came against the average forecast of plus 10 among 18 economic research institutes surveyed by Jiji Press.
   The DI represents the percentage of companies seeing good business conditions minus those feeling the opposite.
   The current business condition DI for large nonmanufacturers came to plus 34, up from plus 32, improving for the eighth straight quarter, the BOJ said.

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AFP-JIJI PRESS NEWS JOURNAL


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