Business sentiment among large manufacturers fell for the third consecutive quarter amid increased fears of a global economic downturn, according to a key economic survey released Monday by the Bank of Japan.

Excessive inventory and slumping exports affected some of the nation’s strongest companies, causing the diffusion index measuring corporate sentiment among major manufacturers to drop to minus 33, according to the “tankan” quarterly survey.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.