Dec 14, 10:57 PM EST

Bank of Japan business survey shows tepid outlook

AP Photo
AP Photo/Shizuo Kambayashi
World Video

Multimedia
Archery on horseback still draws crowd
Ainu Rebels reclaim cultural pride
Japanese defend whaling tradition
Japan deals with 'Minimata Disease'
Latest News
Panel: Asahi not to blame for criticism of Japan

Japan, US delay update to defense cooperation

McDonald's in Japan limits orders of fries

Japan trade deficit grows despite drop in imports

Abe emerging as a rare strong leader in Japan

Buy AP Photo Reprints
Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Russia bails out bank following ruble slide

South Korea lowers outlook on weak private sector

Hasbro and Xerox are big market movers

German consumer confidence on the rise

UK unemployment rate at 6-year low of 6 percent

EU promises Greece 'lighter surveillance'

China raises estimate of size of economy

Study: Hotter days in US mean less cold cash

Bank of Japan business survey shows tepid outlook

Egypt stock market loses $3B amid oil plunge

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

TOKYO (AP) -- Japanese businesses are cautious over prospects for a recovery, according to a quarterly central bank survey released Monday that showed a mixed outlook for the world's third-largest economy.

The results of the Bank of Japan's "tankan" highlight the challenges Prime Minister Shinzo Abe faces following a landslide election victory Sunday.

The leading measure of business sentiment showed a slight deterioration in overall expectations among manufacturers. More than two-thirds of the large and medium-sized companies surveyed said they viewed the outlook for the coming quarter as "not so favorable."

Japanese businesses anticipate weak demand both at home and overseas for their products and higher costs for materials thanks to the weakening Japanese yen.

Japan's economy slipped into recession after a sales tax hike in April chilled demand, stalling the recovery. Abe delayed a tax hike due for 2015 to avoid further disruption to growth, and has said he will push ahead with reforms to end two decades of stagnation.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Latest News
Advertisement