A key quarterly economic survey by the Bank of Japan shows sentiment among large manufacturers dipped two points to 19, as worries grow about global trade tensions. The "tankan" survey, released Monday, marked the third straight quarter of decline. The survey, long seen as an important indicator of the state of the world's third largest economy, looks at the difference between companies surveyed that have a "favorable" outlook and those with an "unfavorable" outlook. The manufacturers surveyed include automakers and electronics companies that are mainstays of Japan's economy. Japan's growth is dependent on exports and any slowdown in pan-Pacific trade would hurt sentiment.

Source: ABC News October 01, 2018 02:01 UTC