Forthcoming meeting of the Group of Twenty
[rtl]Decline in the morale of Japanese companies
Japan's Finance Minister Taro Aso said on Friday: The top financial officials states twentieth discuss production overcapacity in China range and falling oil US monetary policy rates during their meeting in Shanghai next week.
He said Aso told reporters after a cabinet meeting. " production overcapacity in China's financial and Aitmanadtha excessive and falling oil prices, and communication with the markets about the US interest rate policy, those are the issues key (to be discussed at the meeting). "
on the other hand Reuters survey showed that Japanese manufacturers confidence remained low largely in the month of February It is expected deterioration in sentiment over the next three months, including highlights fears of slowing global growth and the turmoil markets.
in a sign of headwinds severe that inhibit growth in the third largest economy in the world a survey by Reuters Tanakan that morale services sector also declined, although it was expected stability to somewhat in the near term.
the associated monthly survey is closely scans Tanakan quarterly conducted by the Bank of Japan.
He Reuters Tanakan survey that the economy remains weak after exports and consumer spending decline, which led to a contraction of GDP in the fourth quarter.
the increased Reuters Tanakan index of business sentiment sector manufacturing to seven points in February from a six-point in January with support from the rise in the areas of food processing industries, while accurate and recorded areas of automobile, steel, oil refineries decline. It is expected that the index down to four points in the month of May.
The survey was conducted in the period between the first and sixteenth of February and was attended by 513 companies from large and medium-sized Japanese companies, came the survey at a time when the global aversion increased risk aversion and went up the yen, which is a haven safe strongly, including a negative impact on the morale of export companies with the dollar's decline to its lowest level in 15 months, below 111 yen during the past week.
the hostel services sector index to (21) points (27) during the month of January affected firms retail and wholesale, It is expected to stabilize the index little changed in the next three months to change.[/rtl]