Bank of Japan Tankan minus for the first time in seven years Business judgment of large manufacturing industry deteriorates April 1 8:54
The Bank of Japan announced the Tankan = Short-term Economic Observation Survey earlier, and the index that shows the most recognizable business judgment of the large manufacturing industry dropped from 0 points in the previous survey to -8 points. The index has been negative for the first time in seven years since March 2013.
The spread of the new coronavirus has a serious impact on the global economy, and the production and export of automobiles and other products have fallen sharply. In addition, economic judgments in the non-manufacturing industries, such as tourism and transportation, where sales have fallen sharply, have deteriorated significantly.