Recovery in Japan business mood stalls, capex to be cut

TOKYO: A key Japanese central bank business survey has shown that big companies plan to cut spending, clouding the outlook for Prime Minister Shinzo Abe’s drive to reflate the economy and spurring calls for more monetary stimulus.

Despite reaping strong profits from a weaker yen, big manufacturers were no more confident than they were three months ago, with some citing sluggish domestic and Asian demand.