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Japan survey: Business sentiment stable, but outlook weaker
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In this Nov. 29, 2014 photo, a factory near the tracks of freight trains is seen at night in Kawasaki, south of Tokyo. Japanese industrial output rose 1.4 percent in October, 2015, from the month before, below forecasts and a decrease from the year before. Government data released Monday, Nov. 30, 2015, also showed retail spending fell in October from a year earlier. (AP Photo/Eugene Hoshiko) (AP Photo/Eugene Hoshiko)
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span class="inline inline-center">In this Nov. 29, 2014 photo, a factory near the tracks of freight trains is seen at night in Kawasaki, south of Tokyo. Japanese industrial output rose 1.4 percent in October, 2015, from the month before, below forecasts and a decrease from the year before. Government data released Monday, Nov. 30, 2015, also showed retail spending fell in October from a year earlier. (AP Photo/Eugene Hoshiko)
A survey by Japan's central bank says sentiment among big Japanese manufacturers is steady, though companies in all sectors expect conditions to deteriorate in the coming months.
The Bank of Japan's "tankan" survey, released Monday, remained at 12 as of December, unchanged from September. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive.
The survey for the coming quarter showed both manufacturers and other companies were pessimistic about the outlook for sales and for investment in the world's third-largest economy.
Japanese companies have seen their profits soar since Prime Minister Shinzo Abe took office three years ago and initiated a recovery strategy that relies heavily on monetary stimulus. But investment and wages have lagged expectations, slowing growth. (dan)
