Worries about the spread of the coronavirus and its hit to the global economy ke...
TOKYO - Worries about the spread of the coronavirus and its hit to the global economy kept Japanese manufacturers’ mood gloomy in February, a Reuters poll found, even as firms shook off previous worries about the impact of the Sino-U.S. trade war.
It has also highlighted the vulnerability of the Japanese economy to external shocks just as worries have somewhat eased over the Sino-U.S. trade war and Britain’s exit from the European Union. “Just as the domestic economy’s slump following the sales tax hike is becoming evident, the coronavirus spread has made China-bound exports totally unclear,” a manager of a chemicals firm wrote in the Reuters poll of 502 large- and mid-sized companies, in which 245 firms replied on condition of anonymity.
The index has remained in negative territory — meaning pessimism outweighs optimism — for seven straight months.
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