Japan Inc.'s Confidence Is Waning as Headwinds Hit Abenomics
- Rising signs Japan fell into recession as output disappoints
- Falling confidence, output may add to calls for stimulus
The unpainted frames of Honda Motor Co. Odyssey minivan move down the assembly line at Honda Manufacturing facility in Lincoln, Alabama, U.S.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Weakness in the Japanese economy and the slowdown in Asia are chipping away at the nation’s business confidence, with the latest survey from the central bank showing sentiment among large manufacturers worsening.
The Tankan index for large manufacturers fell to 12 in September from 15 in June, the Bank of Japan said Thursday, lower than the median estimate of 13 in a Bloomberg survey of economists. The index is forecast to drop to 10 in December.