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Japan's Q2 Tankan to show further drop in business confidence on profit woes

From news_archive.php?id=93514

TOKYO (Thomson Financial) - The Bank of Japan's Tankan survey due out on Tuesday is expected to underscore a further decline in business confidence in the second quarter, due to mounting worries over profits stemming from rising energy and basic material costs and slowing domestic demand. Corporate Japan is also expected to scale back profit projections, which forms a key element in assessing the direction of capital investments, thereby showing greater downside risks to the corporate sector which has supported the longest economic recovery in the post-World War II period. However, the gloomy Tankan survey is not ... (full story)

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