TOKYO – Japan's business sentiment soured in January-March to hit the worst level in more than two years, a closely-watched central bank survey showed on Monday, as slowing global growth clouds the outlook for the export-reliant economy. The service-sector mood, by contrast, recovered as easing border controls and an end to COVID-19 curbs heightened hopes for a rebound in tourism and consumption, the Bank of Japan's tankan survey showed. The survey will be among key data the central bank will scrutinize in producing fresh quarterly growth and inflation estimates at its next meeting on April 27-28 – the first one to be chaired by incoming Governor Kazuo Ueda.

https://business.inquirer.net/394435/japans-business-mood-sours-to-2-year-low-as-global-slowdown-bites-tankan

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