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Friday April 01, 07:41
Japan manufacturers confidence falls on oil and commodity hikes
(by Sh.Nakata)

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Japan manufacturers confidence falls on oil and commodity hikes Japan’s largest manufacturers confidence index fell to the lowest in the year as oil and commodity prices hit the economy.

This is the lowest figure within the year with the index that dropped to14 points in March from the record of 26 in September, according to the Bank of Japan’s quarterly Tankan survey.

Japanese manufacturers will limit increases in capital spending to 3.4% in 2005, as compared with 22.7% of 2004, according to the survey. Profit growth will drop to 1.1% this year from 25% last year, the report also shows.

Japan’s industrial production dropped 2.1% in February from January, marking the biggest decline in a year.
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17 May 2005 03:17 AM Japanese GDP rose 5.3% in the first quarter
 


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