Japan Q1 big manufacturers' mood down, seen falling further ahead -Tankan
© Reuters. A worker stands on a crane which is parked at a construction site at Keihin industrial zone in Kawasaki, south of Tokyo, June 13, 2012. REUTERS/Toru Hanai/File PhotoTOKYO - Japanese big manufacturers' business confidence worsened in the three months to March compared with the previous quarter, the Bank of Japan's closely-watched tankan survey showed on Monday.
The headline index for big manufacturers' sentiment stood at plus 11 in the first quarter, versus plus 10 seen by economists in a Reuters poll, the March tankan survey showed.The survey also showed big firms plan to raise their capital spending by 4.0% in the financial year to March 2024, following a 11.5% increase expected for this fiscal year.
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