The Bank of Japan's latest quarterly Tankan survey shows that business confidence among large manufactures plunged to the lowest level in over a decade amid the coronavirus pandemic.
It shows that sentiment at big manufactures in Japan fell to minus 34 in the April-June quarter, down from minus 8 in the previous survey.
The Bank of Japan's latest quarterly Tankan survey shows that business confidence among large manufactures plunged to the lowest level in over a decade. That's as the Japanese economy has been hit hard by the coronavirus pandemic.
It shows that sentiment at large manufactures fell to minus 34. The previous survey was minus 8.
The Lower House of Japan's Diet has rejected a no-confidence motion against the justice minister and a motion to dismiss the chair of the Budget Committee.
The moves come as wrangling between the ruling and opposition camps over passing the fiscal 2020 budget bill through the chamber reaches its final stage.