News Summary: Japan business sentiment darkening

News Summary: Survey shows business sentiment worsening in Japan, blames tensions with China

Associated Press
News Summary: Japan business sentiment darkening

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FILE - In this Nov. 6, 2012 file photo, visitors inspect sports cars at a gallery inside the Nissan Motor Co. headquarters in Yokohama, near Tokyo. Japanese manufacturers are increasingly gloomy about their prospects as exports take a hit from antagonisms with China over a territorial dispute, a quarterly survey by Japan's central bank showed Friday, Dec. 14. (AP Photo/Itsuo Inouye, File)

JAPAN JITTERS: A Bank of Japan survey showed manufacturers are growing increasingly pessimistic, adding to gloom over the country's economic outlook.

TANKING TANKAN: The "tankan" index for the December quarter slumped to minus 12 from minus 3 in the previous quarter, a result that was much worse than expected. A reading below zero means pessimists outnumber optimists.

CHINA CHAIN: The report largely blamed tensions with China, which have slammed exports to one of Japan's biggest markets, for the deterioration in sentiment. The survey raises the likelihood of further monetary easing by the central bank at its policy meeting next week.

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