June 13, 2017 12:28 pm JST

Japan business outlook turns negative, first in 4 quarters

Majority of corporations foresee improvement in 2nd half of 2017

TOKYO -- The Business Survey Index of large enterprises across industries in Japan stood at minus 2 points for the April-June quarter, according to statistics released by the country's Cabinet Office and the Ministry of Finance on Tuesday. The result marks the first time in four quarters that the gauge for business confidence turned negative -- it stood at plus 1.3 points for the previous quarter.

The index refers to the difference in the proportion of companies who see their business conditions turning "upward" or "downward" during a given quarter. A negative number indicates a majority of companies feeling pessimistic.

Among large corporations, the figure for manufacturers came to minus 2.9 points, and minus 1.6 points for non-manufacturing sectors. For small to midsize enterprises, the figure across industries was negative 9.9 points.

On the other hand, large corporations holding a positive outlook for the next quarter through September overtook the negative group by 7.1 points.

Prospects of capital investment for fiscal 2017 rose 3.8% from the year before -- improved from the 4.6% decrease in the previous survey.

(NQN)

Get Insights on Asia In Your Inbox

To read the full story, Subscribe or Log in

Get your first month for $0.99

Redeemable only through the Subscribe button below

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

Resubscribe now to continue reading.
BEST OFFER:
Only US$ 9.99 per month for a full-year subscription

To read the full story, Subscribe or Log in

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.