FX & CFD trading involves significant risk
Japan's Ministry of Finance and the Cabinet Office released its quarterly survey on late Thursday evening. The business survey index (BSI) of manufacturers' sentiment dropped to -7.9 in first quarter from 3.8 in fourth quarter, missing expectations for a rise to 4.2.
The BSI for non-manufacturing slid to -0.7 in the first quarter from 5 in the fourth quarter.
The BSI for all industries was down to -3.2 in the first quarter from 4.6 in the fourth quarter.
The BSI for manufacturers in the second quarter of 2016 is expected to rise to -3.5, while the BSI for non-manufacturing is expected to decrease to -1.5.