Pessimism continues for business community in Japan

Pessimism continues for business community in Japan

POSTED: Monday, April 2, 2012 - 7:30am

UPDATED: Monday, April 2, 2012 - 7:34am

A closely watched survey by the Bank of Japan was released monday and it shows that business sentiment in the country failed to improve as expected. The headline index for big manufacturers' sentiment was unchanged from December, indicating pessimism continues in the business community.

Despite the result, the Bank of Japan sees the economy recovering this year from the global economic downturn. Japan is the world's third largest economy.


 

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