UPDATE 2-Japan's business mood, capex steady but outlook sours - BOJ tankan [Reuters]
Canon, Inc. American Depositary Shares (CAJ)
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Source: Reuters
Japan's business mood, capex steady but outlook sours: BOJ tankan | Reuters 5 Min Read TOKYO (Reuters) - Japanese business confidence and capital expenditure plans held steady from three months ago, a closely-watched central bank survey showed, a sign companies weren’t significantly worried about escalating trade frictions and global growth concerns. But firms expect conditions to worsen three months ahead, the Bank of Japan’s “tankan” quarterly survey for December showed on Friday, suggesting that the Sino-U.S. trade war and slowing Chinese demand could weigh on next year’s spending plans. Separate data on Friday showed Japanese manufacturing activity expanded in December, though export orders contracted at the fastest pace in more than two years in a sign of weakening overseas demand. The mixed batch of data underscores the challenges the Bank of Japan faces as heightened risks keep it from exiting its radical stimulus while a lack of policy ammunition makes it difficult to battle h
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