Business | Oct 03

Japan's business mood worsens in third quarter, Bank of Japan 'tankan' survey shows

TOKYO, Oct 03 (Reuters) - Japanese manufacturers' business mood worsened in the three months to September, a central bank survey showed on Monday, bolstering views that the weakening yen and its inflationary impact on business costs undermined a fragile economic recovery.

Adding to the gloom, fears of a global economic slowdown cloud the outlook for the export-reliant economy, which is still just emerging from the coronavirus pandemic.

Service-sector sentiment brightened a tad from three months ago, the Bank of Japan's "tankan" survey showed, although retailers were less optimistic due to the rising cost of living blamed on higher commodity prices and the boost to import prices from the yen's declines. ...continue reading

Source: ANNnewsCH

MORE Business NEWS

"V-Point" Debuts, Fueling Japan's Point System Competition

The "V-Point" service, now Japan's largest point-based loyalty program, officially began on Monday, boasting approximately 150 million members.

Japan's GDP Ranking to Drop to Fifth as India Surges Ahead

According to estimates from the International Monetary Fund (IMF), Japan's nominal GDP is projected to reach approximately $4.31 trillion by 2025.

First Disney Store in Gunma Draws Huge Crowds

After a 30-year wait, Disney enthusiasts in Gunma Prefecture finally celebrated the opening of the first Disney Store in the region, attracting a large crowd despite the brisk winds.

POPULAR NEWS

Tsukiji Market Site to Transform into 50,000-Seat Stadium

The site of the former Tsukiji Market is set for a major transformation, including a stadium with a capacity of 50,000 people and a launch pad for flying cars.

"Riri-chan" Sentenced to 9 Years in Prison

The Nagoya District Court delivered a severe sentence on Monday to Mai Watanabe, 25, who operated under the alias "Itadakijoshi Riri-chan (Riri the sugar baby)" and was charged with fraudulently obtaining cash from men. She has been sentenced to nine years in prison and fined 8 million yen.

Google Sanctioned by Japanese Regulators for Limiting Competitor Ads

In a historic move, the Japan Fair Trade Commission (JFTC) has issued its first administrative sanction against American tech giant Google.

Ohtani Sets New Record for Most MLB Home Runs by a Japanese Player

Los Angeles Dodgers' Shohei Ohtani has surpassed Hideki Matsui to become the Japanese player with the most home runs in Major League Baseball, hitting his 176th homer.

Arrest Made in Tochigi Riverbank Double Homicide Case

Police have arrested a man in his twenties, who had previously surrendered to authorities in Tokyo, following the discovery of two burned bodies in Nasu, Tochigi, admitting to lending his car but denying involvement in the killings.

FOLLOW US