Business sentiment from a large company minus 11 minutes at 11:16 on December 11
According to the “Corporate Business Forecast Survey” conducted by the Ministry of Finance, the index showing the business sentiment from October to this month was minus 6.2 for large companies, the first minus in two quarters. This is the lowest level in three years and six months since April 2016 to June, against the backdrop of an increase in the consumption tax rate.
This “Corporate Business Forecast Survey” was conducted every three months by the Ministry of Finance and the Cabinet Office for companies with capital of more than 10 million yen, and this time we received responses from over 11,000 companies.
According to it, when we heard about their own economy from October to this month, the percentage of companies that answered “down” compared to the previous three months. The index minus the percentage was minus 6.2 for all large enterprise industries.
The negative is the first time in two quarters. Sales declined due to the consumption tax hike and typhoon No. 19 at consumer electronics retailers and department stores, and the demand for automobiles in China, where the economy slows down, is sluggish. It has been affected.
The negative range is the magnitude since the negative 7.9 from April to June 2016 when the Kumamoto earthquake occurred, the lowest level in three years and six months.
However, five years ago when the consumption tax rate was raised last time, it was smaller than the minus 14.6 from April to June 2014.
According to the Ministry of Finance, “In the outlook from January to March next year, the business confidence of large corporations has turned positive, and domestic demand is firm.”