Nearly two-thirds of Japan’s companies have been negatively affected by the country’s massive earthquake and tsunami.
Disrupted production and supply chains are the key problems, which also sent corporate confidence in Japan to a record low in April.
According to a Reuters poll of 400 large Japanese firms, business confidence fell back into negative territory for the first time this year.
MUST-SEE: Trump’s Financial Disclosure Statement
This could be the biggest Obama “scandal” EVER…
It has to do with a secret that he and the Pentagon kept hidden at 9800 Savage Rd., Fort Meade, Maryland, for his ENTIRE presidency.
You won’t want to miss THIS.
The CIA spends billions of dollars to keep scandalous stories under wraps. So we wouldn’t be surprised if they wanted this page taken down immediately.
Click here for the shocking truth.
The gloom was widespread, spreading through both manufacturing and services sectors.
Nearly 70% of the respondents say the single biggest problem for them is the lack of supply.
Manufacturers like auto firms have been forced to scale back output locally and globally.
Toyota (NYSE: TM), for example, is planning to stop production at five plants across Europe for several days in April and May due to a lack of supplies shipped from Japan.
Power shortages are also an issue for many firms.
Consumer technology giant, Sony Corp. (NYSE: SNE) is considering a two-week summer shutdown of some company premises, as well as its own daylight savings time to conserve energy.
Bottom line: Nearly 60% of big Japanese companies have been affected by the earthquake and tsunami, with their production and supply chains disrupted.