The News
Capital Coahuila
Capital Querétaro
Capital Edo. de Méx.
Capital México
Capital Mujer
Reporte Índigo
Estadio Deportes
The News
Efekto
Green TV
Revista Cambio
Digital
Prensa
Radio
TV

Japan's 'tankan' economic survey shows decline in sentiment

By The News · 01 of October 2018 03:55:29
FILE - In this April 2, 2018, file photo, people enter the Bank of Japan headquarters in Tokyo. 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, Oct. 1, marked the third straight quarter of decline. (AP Photo/Shizuo Kambayashi, File), No available, FILE - In this April 2, 2018, file photo, people enter the Bank of Japan headquarters in Tokyo. 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, Oct. 1, marked the third straight quarter of decline. (AP Photo/Shizuo Kambayashi, File)

TOKYO (AP) — 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 latest results show optimists outnumber pessimists but the gap is shrinking.

The manufacturers surveyed include automakers and electronics companies that are mainstays of Japan’s economy.

Some analysts had expected a rebound in sentiment.

Japan’s growth is dependent on exports and any slowdown in pan-Pacific trade would hurt sentiment. Uncertainty over trade friction with the U.S. also would discourage investment as manufacturers hold back waiting to see if their sales or profits might be affected by newly imposed tariffs or other policies inspired by President Donald Trump’s “America first” stance on trade.