Coronavirus turns Japan business mood negative for first time in seven years [CNBC]
PANASONIC HLDS CP S/ADR (PCRFY)
NASDAQ:AMEX Investor Relations:
panasonic.com/global/corporate/ir.html
Company Research
Source: CNBC
Asia Coronavirus turns Japan business mood negative for first time in seven yearsPublished Tue, Mar 31 2020Key PointsEmployees of the Japanese electronics group Panasonic work in a factory building.Christoph Dernbach | Picture Alliance | Getty ImagesNon-manufacturers' sentiment also worsened to levels not seen in seven years as travel bans, event cancellations and social distancing policies hurt consumption, the Bank of Japan's "tankan" quarterly survey showed on Wednesday, clouding an already darkening outlook for the economy.The headline index measuring big manufacturers' sentiment worsened to minus 8 in March from zero in December, the survey showed, compared with a median market forecast of minus 10.It was the first time in seven years the big manufacturers' index turned negative.Big non-manufacturers' sentiment index worsened to plus 8 from plus 20 in December, the survey showed, the worst reading in seven years.Big firms expect to increase capital expenditure by 1.8% in the fisc
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