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Keyword: minus58

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  • Japan's business confidence hits record low(-58% previous low: -24% in '58)

    03/31/2009 7:09:32 PM PDT · by TigerLikesRooster · 18 replies · 1,009+ views
    AFP ^ | 04/01/09
    Japan's business confidence hits record low 47 mins ago TOKYO (AFP) – Business confidence among major Japanese manufacturers hit a record low in the three months to March, as the global economic crisis deepened, the central bank said Wednesday. Confidence tumbled to minus 58 in March from minus 24 the previous quarter, plunging below its previous record low of minus 57 registered in 1975, according to the Bank of Japan's Tankan survey of more than 10,000 firms. Manufacturers painted a grim outlook for businesses, forecasting confidence would stay at minus 51 in June. The index measures the percentage of firms...