Market Report - Asia Ignores Bleak Tankan

Today Asian investors ignored rapidly weakening Japanese business confidence, as regional markets including the Nikkei rose on hopes about a US auto industry lifeline. The Bank of Japan's "tankan" survey showed the worst business sentiment in nearly seven years, including the largest quarterly fall in confidence since the 1970s oil shock. For a nation already in recession, Japanese firms expect conditions to slide further in 2009, which may prompt another Bank of Japan rate cut this week ...

» View the original video «

YouTube | December 15, 2008

Tags:. .nikkei. .sentiment. .lifeline. .weakening. .bleak