Japanese manufacturers continue to remain pessimistic despite recent weakness in the yen, the Bank of Japan's (BOJ) Tankan survey showed.
Large manufacturers' sentiment between January to March remained at minus four, the same level as the previous quarter.
The survey is considered by the BOJ while deciding its monetary policy.
Analysts said the weak reading is likely to put pressure on it to boost stimulus measures.
"The Tankan result increases the likelihood of additional easing, which is already anticipated by the BOJ this month, and slightly raises the possibility of additional easing next week rather than on April 27," said Masamichi Adachi of JP Morgan Securities.
Source & Image : BBC
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