The Straits Times
Published on Oct 01, 2012

Confidence among Japanese manufacturers falls: Bank of Japan


TOKYO (AFP) - Confidence among large Japanese manufacturers worsened in the quarter ended September, the Bank of Japan said on Monday as businesses suffer amid a territorial spat with China.

Large manufacturers' sentiment fell to "minus three" from "minus one" in the previous June survey, the central bank's Tankan survey showed.

The figures represent the percentage of firms saying business conditions are good minus those saying they are bad and are a key measure used by the BoJ in formulating monetary policy.

Japanese businesses have taken a hit from a flare-up in the row between Tokyo and Beijing over the ownership of islands in the East China Sea.