Japan Biz Sentiment Worsens for 2nd Month in Nov.

Economy

Tokyo, Dec. 4 (Jiji Press)--Business sentiment in Japan worsened for the second straight month in November, a private-sector survey showed Wednesday.

The weaker sentiment reflected the impact of the Oct. 1 consumption tax rate hike from 8 pct to 10 pct, as well as sluggish automobile sales and a decline in shipments of industrial machinery, Teikoku Data Bank Ltd. said.

The business sentiment diffusion index fell 0.3 point from the previous month to 43.6, the credit research company said.

Teikoku Data kept its assessment unchanged for the seventh straight month, saying the Japanese economy may have entered a recession phase.

Manufacturers' index fell 0.7 point to 39.6, dropping for the seventh consecutive month and falling below 40 for the first time since April 2013.

[Copyright The Jiji Press, Ltd.]

Jiji Press