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Economy

Sentiment among large Japanese companies plunges in 1Q 2019

Survey shows drop in manufacturing amid overseas slowdown, but outlook is brighter

TOKYO -- Slowing overseas economic growth has large Japanese companies feeling glum, according to survey results released by the government on Tuesday.

The Business Survey Index of large companies across all industries stood at minus 1.7 in the first three months of 2019. That is a 6-point drop from the October-December period of 2018, the largest decrease since the first quarter of 2016.

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