Tankan survey shows that Japanese firms preparing for likely economic contraction

Via NTDTV:

The mood of major Japanese firms worsened for the first time in almost two years in a central bank survey, paving the way for a likely economic contraction this quarter.

The Bank of Japan's closely watched tankan survey saw big firms' sentiment dip to a negative reading in March, reflecting the pain from the yen's surge to a 15-year high and the end of government stimulus measures. 

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BOJ Tankan Release

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