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Business sentiments cool as cheap yen, costs weigh on Japan
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FILE - A person walks past an electronic stock board showing Japan's Nikkei 225 index and U.S. dollar/Japanese yen exchange rate at a securities firm in Tokyo on Sept. 7, 2022. Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, Oct. 3, 2022, as the nation grappled with rising costs, the dropping value of the yen and restrictions on economic activity over the coronavirus pandemic. - photo by AP Photo/Eugene Hoshiko, File
TOKYO (AP) — Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, as the nation grappled with rising costs, the dropping value of the yen and restrictions on economic activity over the coronavirus pandemic. The headline measure for the “tankan,” measuring sentiment among large manufacturers, was plus 8, down from plus 9 the previous quarter. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive.