Japan’s business mood sours for first time in two years


  • Business Premium
  • Tuesday, 03 Apr 2018

TOKYO: Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed, as rising raw materials and labour costs weigh on an otherwise steady economic recovery.

A strong yen and simmering fears of a trade war, triggered by US President Donald Trump’s move to impose tariffs on Chinese goods, could further undermine corporate morale if threats of retaliation escalate, analysts say.

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Business , Japan , tankan

   

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