Pessimism persists at big Japanese manufacturers amid global slowdown – Reuters Tankan

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Big Japanese manufacturers remained pessimistic about business conditions for a third straight month in March, the closely watched Reuters Tankan survey showed. The results also reflect worry about slowing global growth that could hurt the country’s export engine.

“The sentiment index for big manufacturers stood at minus 3, slightly up from minus 5 seen in the previous month, according to the survey conducted March 8-17,” reported Reuters.

USD/JPY holds onto the Fed-induced losses near 131.30, fading the bounce off previous low surrounding 131.00 by the press time.

Also read: USD/JPY drops on the dovish Fed 25 bp rate hike

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