Japan business mood plunges to decade lows on coronavirus woes

Topics Coronavirus | Japan

Japanese business confidence plunged to decade lows in March as the spreading coronavirus outbreak stoked fears of a global recession and sent stock markets tumbling, the Reuters Tankan survey showed on Tuesday.

The monthly poll suggested that the Bank of Japan's tankan quarterly survey due April 1 will show a sharp deterioration in business sentiment both at manufacturers and non-manufacturers. The global spread of the virus has hammered world trade, supply chains and tourism, dealing a heavy blow to Japan's fragile economy,.....

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