Bank of Japan business survey sees torpid outlook

Japanese policy makers seem to be stuck between a rock and hard place regarding their currency policies.

One the one hand you want Japan to be a player high up in the supply chain, where profits are high and competition not just price related. On the other hand there is the enormous pressure of built up debt, that you want to reduce by a weak currency.

More than two-thirds of the large and medium-sized companies surveyed said they viewed the outlook for the coming quarter as “not so favorable.”

Not a good sign.

Under Abe's reign there have been record bankruptcies and no doubt many more to come....