Japan big manufacturer mood worsens in Oct-Dec
Published on Dec 10, 2012 8:06 AM
TOKYO (REUTERS) - Big Japanese manufacturers turned pessimistic about business conditions in Oct-Dec, a government survey showed on Monday, suggesting it may be difficult for the economy to emerge from recession.
The business survey index (BSI) of sentiment at large manufacturers stood at minus 10.3 in Oct-Dec, compared with plus 2.5 in July-Sept, according to the joint survey by the Ministry of Finance and the Economic and Social Research Institute, an arm of the Cabinet Office.
Large manufacturers expect sentiment to improve in the Jan-March quarter to plus 1.4.
The BSI measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.
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