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Economy

Japan business sentiment logs longest drop since Lehman: BOJ Tankan

Closely watched indicator shows economy in pullback after tax hike

An automobile factory in Toyota, Japan. The latest Bank of Japan Tankan survey is the first to be announced since the Abe government raised the consumption tax on Oct. 1.
MITSURU OBE, Nikkei staff writer | Japan

TOKYO -- Sentiment among Japan's large manufacturers slid for the fourth straight quarter in October-December, marking the longest decline since the Lehman crisis, the Bank of Japan's latest Tankan survey showed on Friday.

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