Sep 30, 11:30 PM EDT

Bank of Japan tankan survey finds big manufacturers' corporate sentiment worsens at plus 12

AP Photo
AP Photo/Shizuo Kambayashi

Archery on horseback still draws crowd
Ainu Rebels reclaim cultural pride
Japanese defend whaling tradition
Japan deals with 'Minimata Disease'
Latest News
Gunmen kill Japanese man in Bangladesh; 2nd foreigner in a week gunned down in the country

US nuclear-powered aircraft carrier USS Ronald Reagan arrives at new home port in Japan

Bank of Japan tankan survey finds big manufacturers' corporate sentiment worsens at plus 12

China holding 2 Japanese citizens on spying allegations, officials say

Japan core inflation falls in August, weighed down by low oil prices

Buy AP Photo Reprints
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Job growth in retail and professional services accelerated in September, bucking overall trend

Unemployment rates improve for high school grads and inch up for recent vets

Cautious businesses pull back on hiring as depressed global growth finally catches up with US

How to dissect the jobs report: Apart from low unemployment, just how healthy is labor market?

US manufacturing barely expands in September as global growth weakens, oil drillers cut back

Bank of Japan tankan survey finds big manufacturers' corporate sentiment worsens at plus 12

France to cut taxes for 11 billion euros ($12.3 billion) to drive economy forward

Spain's central bank says economy grew by a strong 0.8 percent in third quarter

Eurozone consumer prices down 0.1 percent in September, first annual decline since March

World Bank: Palestinian economy worsens for third consecutive year

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

TOKYO (AP) -- Sentiment among big Japanese manufacturers slipped in the most recent quarter, the central bank said Thursday, underlining the shaky footing for growth in the world's third largest economy.

The Bank of Japan's "tankan" survey, released Thursday, fell 3 points to 12 in September. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive.

Junichi Makino, chief economist at SMBC Nikko Securities Co., said the survey for the third quarter was not upbeat, but other indicators, such as prospects for profits and plans for construction spending, were positive, providing some hope for the economy.

Japan has been trying to pull itself out of two decades of doldrums by encouraging foreign investment and fighting deflation, a constant drop in prices that deadens growth.

Analysts said the mixed messages from the survey didn't provide a strong endorsement for the Bank of Japan to increase its already lavish monetary stimulus though the government is likely pushing for an expansion.

Bernard Aw, market strategist at IG in Singapore, said central bank Gov. Haruhiko Kuroda still appears confident Japan is on track for inflation.

"The Japanese government will campaign much harder for the BOJ to step up its monetary easing. The markets will also amplify their calls for BOJ to do more," he is in a market commentary. "That said, BOJ governor Kuroda is fairly confident that the inflation path is still on track, which hints that there is a mismatch in expectations."


Follow Yuri Kageyama:

© 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.