TABLE-Japan firms least pessimistic since 2008 -Reuters poll

TOKYO, March 18 (BestGrowthStock) – Japanese companies have become far less gloomy
about economic conditions than three months ago, a Reuters poll showed, with
manufacturers predicting that their sentiment index could rise to near positive
territory in June.

Manufacturers were their least pessimistic since June 2008 thanks to solid
exports to Asia and while service-sector firms lagged manufacturers, they were
their least pessimistic since November 2008.

Following is a table of indexes for key sectors and a comparison with the
Bank of Japan’s influential tankan survey:

JUNE (f’cast) MAR FEB JAN DEC NOV OCT SEPT
================================================================
MANUFACTURERS ( -1) -8 -13 -19 -27 -28 -35 -33
—————————————————————-
(Materials) ( +2) -9 -11 -23 -34 -22 -34 -26
– Textile/paper (-30) -40 -50 -50 -50 -38 -38 -29
– Chemicals (+13) +8 0 -13 -15 -4 -13 -13
– Oil refinery/ceramics ( 0) -22 -11 -20 -45 -33 -60 -27
– Steel/nonferrous metals (+17) 0 0 -33 -67 -60 -60 -80
(Manufactured products) ( -3) -8 -13 -17 -22 -32 -35 -37
– Food (+25) +25 +22 +22 +13 +10 -12 +13
– Metal products/machinery (-23) -29 -31 -45 -55 -57 -59 -60
– Electric machinery ( +3) -7 -23 -13 -19 -33 -39 -36
– Autos/transport equipment (-11) -11 0 -18 -9 -10 -17 -50
– Precision machinery/others ( 0) 0 +13 -20 -10 -40 -10 -20
================================================================
NON-MANUFACTURERS (-11) -22 -31 -34 -39 -35 -33 -34
—————————————————————-
– Real estate/construction (-29) -33 -40 -41 -47 -40 -50 -40
– Retail/wholesale ( -5) -20 -36 -33 -43 -40 -30 -31
– Wholesalers (+12) -7 -19 -21 -33 -50 -27 -19
– Retailers (-18) -31 -48 -40 -50 -33 -31 -41
– Information/communications ( 0) -23 -38 -36 -27 -27 -31 -17
– Transport/utility (-17) -17 -38 -50 -43 -36 -33 -50
– Other services ( -8) -15 -14 -19 -32 -25 -26 -30
================================================================
*** COMPARISON WITH BANK OF JAPAN TANKAN ***
================================================================

MANUFACTURERS NON-MANUFACTURERS

RTRS BOJ RTRS BOJ
—————————————————————-
JUNE (f’cast) (-1) – (-11) –
MARCH (f’cast) -8 (-18) -22 (-19)
FEB -13 – -31 –
JAN -19 – -34 –
DEC (2009) -27 -24 -39 -22
NOV -28 – -35 –
OCT -35 – -33 –
SEPT -33 -33 -34 -24
AUG -42 – -38 –
JULY -43 – -38 –
JUNE -50 -48 -31 -29
MAY -69 – -44 –
APR -76 – -38 –
MAR -78 -58 -37 -31
FEB -74 – -39 –
JAN -76 – -31 –
DEC (2008) -64 -24 -26 -9
NOV -42 – -16 –
OCT -25 – -9 –
SEPT -14 -3 -10 +1
AUG -16 – -6 –
JULY -10 – -3 –
JUNE -2 +5 -2 +10
MAY -2 – 0 –
APR +1 – +3 –
MAR +8 +11 +2 +12
FEB +9 – +2 –
JAN +17 – +1 –
DEC (2007) +21 +19 +13 +16
NOV +23 – +9 –
OCT +21 – +19 –
SEPT +24 +23 +14 +20
AUG +30 – +14 –
JUL +28 – +19 –
JUN +31 +23 +16 +22
MAY +29 – +21 –
APR +28 – +26 –
MAR +28 +23 +23 +22
FEB +30 – +20 –
JAN +35 – +23 –

The Reuters Tankan covers 200 large manufacturers and 200 non-manufacturers
excluding the financial sector, of which 233 responded to the latest survey,
taken from Feb. 26 to Mar. 15.

The index readings are derived by subtracting the percentage of respondents
who say conditions are poor from those who say they are good. A negative reading
means pessimists outnumber optimists.
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(Reporting by Izumi Nakagawa; Writing by Tetsushi Kajimoto)

TABLE-Japan firms least pessimistic since 2008 -Reuters poll