Japan’s Business Pessimism Shows Challenges for Kuroda: Economy
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Confidence among big Japanese manufacturers improved by less than economists estimated, bolstering the case for Bank of Japan Governor Haruhiko Kuroda to expand stimulus at his first policy meeting this week.
The quarterly Tankan for large manufacturers was at minus 8 in March, rising from minus 12 in December, the central bank said in Tokyo today, as companies said they’ll cut investment by the most since the global recession. Stocks fell, with the Topix Index dropping the most in two years.