• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home International News

Bank of Japan says businesses are pessimistic

ToP by ToP
December 15, 2011
in International News
0
Bank of Japan
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Bank of JapanJapanese manufacturers’ sentiment has turned pessimistic due to a strong yen and Europe’s debt crisis, the latest Tankan survey has found.

In its quarterly survey, the Bank of Japan said large manufacturers’ sentiment in the three months to December dropped to minus four from plus two three months ago.The survey is one of the factors considered by the bank’s rate-setters.Analysts said sentiment could worsen if Europe’s debt crisis continues.”Companies are taking more cautious views of the economy due to the one-two punch of the slowdown in overseas economies and the firmer yen,” said Yoshikiyo Shimamine from Dai-Ichi Life Research Institute in Tokyo.

“Given the likelihood that overseas economies including those of emerging nations will slow further, we should be aware of the risk of big manufacturers’ sentiment towards the business outlook worsening more.”A reading of 100 would be the best mood possible, with minus 100 as the worst.Japan’s economy has rebounded from a recession triggered by the 11 March earthquake and tsunami, but as the initial boost from companies restoring supply chains and production facilities subsides, exports and factory output could slow again.

Adding to the problems was the effects of the floods in Thailand, which further disrupted supply chains. Sentiment was also hit by the decreasing demand from Europe as growth slowed.”I think the BOJ will be slightly shocked by this Tankan,” said Hirokai Muto from Sumitomo Mitsui Asset Management.”This Tankan report also shows signs of weak overseas demand.

“Another effect of the uncertainty in Europe and the US has been that global investors have turned to the Japanese currency as a safe haven, which has pushed up the strength of the yen.For big exporters such as Toyota Motor and Sony, this has reduced the value of their overseas profits when brought back into Japan.It has also made them less competitive overseas.Some of Japan’s big manufacturers have been shifting production to other countries to counteract this effect. – BBC

Previous Post

Latin America’s biggest airline LATAM is approved

Next Post

Luke Donald crowns year with PGA Tour player of the year award

ToP

ToP

Related Posts

indian pm modi
Pakistan

Pakistan Invites Indian PM Narendra Modi to SCO Meeting

by Jameel Ahmad
August 29, 2024
Largest IT Outage
Technology

Largest IT Outage in History Brings Y2K Fears to Reality, Says Web Security Expert

by Jameel Ahmad
July 19, 2024
Ishaq Dar
Pakistan

Ensure the Safety of Students”: Foreign Minister Ishaq Dar’s Directive Amid Bangladesh Protests

by Jameel Ahmad
July 18, 2024
Trump Assassination Attempt
International News

Trump Calls for Unity After Assassination Attempt

by Jameel Ahmad
July 15, 2024
Narendra Modi Government
International News

India shares plunge as polls show Modi’s mandate slipping

by Jameel Ahmad
June 4, 2024
Ebrahim Raisi
International News

Iranian President Ebrahim Raisi Confirmed Dead in Helicopter Crash

by Jameel Ahmad
May 20, 2024
Shehbaz Sharif
Pakistan

Prime Minister Shehbaz Sharif Garners New Investment Promises from Riyadh

by Jameel Ahmad
April 29, 2024
Next Post
Luke Donald

Luke Donald crowns year with PGA Tour player of the year award

Popular Stories

  • 12-year-old British Pakistani boy makes £290,000 during summer holidays

    12-year-old British Pakistani boy makes £290,000 during summer holidays

    6800 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In