Daily Management Review

Reuters: Sentiment of Japanese manufacturers worsened


02/19/2018


The moods of Japanese industrial producers has deteriorated significantly in February compared to January, the Reuters Tankan survey showed, indicating that the strong yen and global turmoil in the markets have undermined the mood of the business.



OiMax
OiMax
According to the monthly survey, which the quarterly survey of the Bank of Japan tracks, Japanese sentiment should have improved in the next three months, but weakness in the services sector has become a warning signal for the recovery of domestic demand.

A survey conducted by Reuters among 544 large and medium-sized companies, in which 259 firms responded on condition of anonymity, became available after Japan announced its longest economic growth since the 1980s. in the IV quarter. This became possible due to private consumption.

Nevertheless, recent turmoil in world stock markets increased investor interest in the Japanese currency, which causes concern for politicians, as a strong yen eats the profits of Japanese producers.

In addition, the appreciation of the Japanese currency may adversely affect business investment, consumer spending and overall growth.

"Our consolidated profit has deteriorated because of the strong yen," the manager of the transport equipment manufacturer wrote in a review.

The manufacturer of metal products said: "We suffer from the consequences of environmental regulation in China and the restrictions on the supply of natural gas, which seriously affected the producers."

Some other companies have complained that profits are being squeezed by rising oil and commodity prices, while others say they are benefiting from the rapid demand for semiconductors and cars.

The sentiment index for producers was 29 points in February, compared to the 11-year high of the previous month of 35 points. It is expected that in May the index will increase insignificantly - up to 30 points.

source: reuters.com






Science & Technology

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

Top 7 green energy innovators

Volvo’s New Car Uses Blockchain For Recycled Cobalt

False Memories Can Be Created By Fake News On Social Media, Shows A Study

DEF CON Hosts Auto-Makers And Cybersecurity Enthusiasts

WHO found no danger in microplastics in drinking water

Apple starts testing Chinese OLED screens for iPhone 12

Analysts: Google Search is losing clicks

World Politics

World & Politics

Iran Blamed By US’s Pompeo For The Drone Attacks On Saudi Oil Facility

IMF: Georgieva is the only candidate to replace Lagarde

Saudi Arabia to issue tourist visas

USA introduces sanctions against Iranian space agencies

Investments continue to flow into Cape Verde and exceed expectations of Minister of Finance Olavo Correia

USA, UK to create a working group on economics

Global Fashion Companies Support Environment Protection At G7 Summit

Canada Blamed By China For Difficult Bilateral Relations