Tokyo, July 1, (dpa/GNA) - Large manufacturing in Japan weakened in the second quarter of 2022, the Bank of Japan’s quarterly Tankan Survey of business sentiment showed on Friday with a diffusion index score of +9.
That missed forecasts for a reading of +13 and was down from +14 three months ago.
The outlook came in at +10, missing expectations for +14 and up from +9 in the previous quarter.
Large all-industry capital expenditure is now 18.6% higher, beating forecasts for a gain of 12.0% and up sharply from 2.2% in the previous three months.
The large non-manufacturers index came in at +13, missing forecasts for +14 and up from +9 in the previous month.
The outlook was +13, missing forecasts for +17 and up from +7 three months earlier.
GNA