Business judgment of SMEs deteriorated by rapid momentum 21:22 on March 26 since the collapse of Lehman Brothers
A survey by shinkin banks nationwide found that the influence of the spread of the new coronavirus caused the economic judgments of small and medium-sized enterprises in Japan to have deteriorated sharply since the collapse of Lehman Brothers.
Shinkin Chuo Bank, a nationwide organization of Shinkin Banks, conducts a survey every three months to inquire small and medium-sized businesses nationwide about the current economic situation and future prospects.
This time, more than 14,000 companies responded earlier this month. The index, which is calculated by subtracting the percentage of firms that answered "bad" from the percentage of firms that answered "good", was -19.3 points, 11.5 points worse than the survey three months ago.
This is the sharp drop since the decline of 12.6 points in March 2009 after the Lehman shock.
This is mainly due to a series of cancellations of foreign tourists in the lodging business due to the spread of the new coronavirus infection, and a decrease in sales in the retail and wholesale businesses as consumers voluntarily stopped going out.
Regarding the outlook, Shinkin Central Bank said, `` The environment surrounding small and medium-sized enterprises is severe, considering that the spread of the new coronavirus has become more serious in the United States and Europe after this survey, and that the postponement of the Tokyo Olympics and Paralympics has been decided. It is likely to increase ".