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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI DATA IMPACT: Japan April Sentiment Slumps As Lockdown Hits
--Japan April Econ Watchers Current Index 7.9; Mar 14.2
--Japan April Watchers Outlook Index 16.6; Mar 18.8
--Japan Govt Lowers View: Conditions Worsen Further, Severity likely to Increase
TOKYO (MNI) - Japan's current sentiment index posted a third straight drop
in April, pressured by housing, retail sales, services and eating and drinking
services, a key government survey released Wednesday showed.
The survey indicates whether respondents with jobs most sensitive to
economic conditions -- taxi and truck drivers, department-store sales staff and
restaurant and shop owners -- think economic conditions have improved or
worsened over the last three months.
These are the key points from the latest Economy Watchers Survey, conducted
by the Cabinet Office between April 25 and April 30, before Prime Minister
Shinzo Abe on May 4 decided to extend the state of emergency until May 31.
--Restaurants and retailers were among the hardest-hit businesses in the
poll, which targeted roughly 2,000 people, including store managers and taxi
drivers.
--The Economy Watchers sentiment index for Japan's current economic climate
fell 6.3 points to 7.9 in April a seasonally adjusted basis, after falling 13.2
points to 14.2 in March.
--The Watchers outlook index for two to three months ahead showed a fifth
straight drop in April, down 2.2 points to 16.6 after falling 5.8 points to 18.8
in March.
--The Cabinet Office lowered its overall economic assessment based on the
Economy Watchers Survey, saying, "Conditions worsened further amid very severe
situation caused by the impact of the coronavirus. Looking ahead, severity will
likely increase."
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.