Japan business confidence worst since 2009 crisisJapanese manufacturers are feeling particularly gloomy about the future, with few seeing much chance of a post-coronavirus bounceback. TOKYO: Confidence among major Japanese manufacturers has plunged to its worst level since the global financial crisis, a key survey showed Wednesday, as the coronavirus dries up global demand. The coronavirus has hit Japan less hard than many advanced nations, with fewer than 1,000 deaths and about 19,000 cases. Confidence among big non-manufacturers nosedived to minus 17 from plus 8 in March, also the worst since 2009. Among large companies in the accommodation and food industries, the confidence survey showed an eye-watering minus 91, the worst since comparative data became available in 2004.

Source: Bangkok Post July 01, 2020 03:45 UTC