Economics
Japan Merchants’ Mood Tanks Most Since 2011 Quake on Omicron Hit
- Plunge in sentiment shows how quickly conditions have worsened
- A gauge of the outlook also fell, dropping to lowest in a year
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The mood among Japanese merchants tanked in January, plunging the most since the March 2011 tsunami disaster as the rapid spread of the omicron variant led to record numbers of infections.