Japan's tankan sentiment worsens as exports dip

Big Japanese manufacturers became more pessimistic as slowdowns in China and Europe sapped export demand and pushed Japan closer to an economic contraction.

The quarterly tankan index for large manufacturers fell last month to minus 3 from minus 1, the fourth negative reading, the Bank of Japan said yesterday.

The median estimate of 18 economists surveyed by Bloomberg was for minus 4. A negative figure means pessimists outnumber optimists.

via Business feed http://www.scmp.com/business/economy/article/1051850/japans-tankan-sentiment-worsens-exports-dip