Business sentiment among major companies fell back in October-December after hitting a record high in the previous quarter, a quarterly government survey showed Tuesday.
The business sentiment index for companies with capital of ¥1 billion or more fell to plus 8.3 from plus 12 for July-September, according to the joint survey by the Finance Ministry and the Cabinet Office.Business sentiment was affected by rising import prices of minerals and crude oil on the back of the yen's depreciation. However, the index stayed in positive territory for the fourth consecutive quarter.
NewsOnJapan
NewsOnJapan
