TOKYO : Big manufacturers in Japan remained gloomy in February and the service-sector mood slid for a second straight month, a Reuters' poll showed, a sign that the global slowdown is holding back the country's recovery from COVID-induced economic doldrums.The monthly Reuters Tankan, which closely tracks
TOKYO : Big manufacturers in Japan remained gloomy in February and the service-sector mood slid for a second straight month, a Reuters' poll showed, a sign that the global slowdown is holding back the country's recovery from COVID-induced economic doldrums.
Questions for the Feb. 8-17 poll were sent to 493 large Japanese non-financial firms, of which 244 responded, all on condition of anonymity. "We have not been able to transfer rising costs of materials, gas and electricity to our customers. On top of that, wages are rising, all of which squeezes the business environment," a manager of a metal processing firm wrote in the survey.
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