Report reveals gloom among Japanese manufacturers
on 14/12/2012 08:54:53
The Bank of Japan's "tankan" index for the December quarter slumped to minus 12 from minus 3 in the previous quarter, a result that was much worse than expected. A reading below zero means pessimistic views outnumber optimists.
While the survey is a measure of sentiment, not data, it ups the likelihood of further easing by the central bank at its policy meeting next week.
The ruling Democratic Party of Japan is widely expected to suffer a harsh rebuke from voters in a parliamentary election on Sunday.