Japanese manufacturers' morale improved in May for the first time in seven ...
TOKYO - Japanese manufacturers’ morale improved in May for the first time in seven months, a Reuters poll showed, as recession worries eased, although companies were concerned about the impact of a planned tax hike on the economy.
The monthly poll, which tracks the Bank of Japan’s closely-watched tankan quarterly survey, found manufacturers’ mood expected to rise further over the coming three months. Highlighting uncertainties, nearly two-thirds of companies saw growth remaining flat in the second quarter, nearly two-fifth saw it slowing and just 17 percent saw it accelerating, the Reuters monthly poll showed.
In the poll of 477 large- and mid-sized companies, many manufacturers voiced worry about the Sino-U.S. trade war, which has disrupted supply chains and hit Japan’s export-led economy.
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