[lbo-talk] Japan factories pessimistic first time in 5 yrs

uvj at vsnl.com uvj at vsnl.com
Wed Oct 1 15:33:28 PDT 2008


UPDATE 3-Japan factories pessimistic first time in 5 yrs http://www.reuters.com/article/companyNewsAndPR/idUST27747520081001?sp=true

Wed Oct 1, 2008

(For more stories on the Japanese economy click [ID:nECONJP]) (Adds comments by top government spokesman, wage data)

By Tetsushi Kajimoto

TOKYO, Oct 1 (Reuters) - Large Japanese manufacturers turned pessimistic for the first in five years and prepared to tighten capital spending budgets as a financial crisis swept through crumbling export markets, a Bank of Japan survey showed on Wednesday.

The tankan survey's index of big manufacturers' sentiment has turned negative around the time Japan entered its last two recessions, and the minus 3 reading in the September survey suggested the world's second-largest economy is again in recession. http://www.reuters.com/article/companyNewsAndPR/idUST27747520081001?sp=true



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