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April 1, 2010
Posted: 1234 GMT

Pessimism among companies in the world's second-biggest economy has declined during the first three months of this year, a survey by Japan's central bank showed.

Japan's economic outlook is on the rise.

Japan's economic outlook is on the rise.

The main index of Japan's large manufacturers was at minus 14, according to the Bank of Japan's tankan survey. That compares to minus 25 last December.

The country's business mood improved for the fourth straight quarter, according to the report. The tankan is a measure used by the Bank of Japan to help guide the nation's monetary policy.

Potential for economic growth helped investors globally get markets off to a positive start.

The FTSE All-World index rose 0.5 percent - just shy of a 18-month high.

Attention will now turn to the U.S., which releases it's next set of jobs data tomorrow.

We'd like to know what you think.

Do you think the second quarter will signal better economic times? Have you noticed an improvement in your economic outlook?

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Filed under: Business •Quest Means Business


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Theresa   April 1st, 2010 12:47 pm ET

No. Not really.

Joe   April 1st, 2010 1:04 pm ET

My outlook on the economy won't improve until we vote the democrats out of office. At least get enough of them out of there so that they are a minority. Democrats kill the economy.

fc   April 1st, 2010 1:11 pm ET

Despite deflation , Totota difficulties, low domestic demand and growing at a slower rate than thought , yet unemployment standing still in 4.9 ..and the hope of the double – dip be vanished from the horizon ! Well March 2009 was a minus 58 , March 2010 is minus 14 , within a strong yen . So next Tankan will be a minus 10 , or even a profitable minus 8 ? Can only signal better economic times !! Maybe Us recovery , but the granted resilient grouwth in Asia can really help to improve the new balance . And throws a blast of confidence too, and that feels reliable and fresh.

Jayford   April 1st, 2010 1:21 pm ET

Yes. My economic outlook is improving. Why? Becuase I did something about it myself. I didn't have to depend on the government or the bank or the credit card companies. I trimmed the fat, weathered the storm, & changed my habits. Very Simple. Most Americans are lazy and unintelligent and simply incapable of taking any reponsibility - they simply blame someone else. Scape goat.

Joe, you have been brainwashed by the very idiots you support. Niether the Democrats nor the Republicans killed the economy (yet history has told us the latter are usually responsible). The banks and their incessant lending and credit approval is what killed the economy. Pick up a newspaper. Read a book. Hit the gym while you're at it.

youtomama0307   April 1st, 2010 1:33 pm ET

Japan's ecomony has declined,but the Cherry blossoms started blooming from last week. : )
I wish It is improving.....

Ferdinand   April 1st, 2010 1:58 pm ET

Our work depends on donations! Donors and donating Societies have gone under by the hundreds – this makes our work and outlook much tougher. Yes, we had to re-invent the wheel. IT has hardly been tougher and salaries had to be slashed across the board. Improvements? Let's look at 2012 (forget 2011 – a lot of window dressing) it's going to be a long haul. Mind you, we are cutting the grass in Vancouver....!

George   April 1st, 2010 2:00 pm ET

I feel the outlook is positive but that may just be youthful optimism talking; I think when a new equilibrium is reached the global economy will be ripe with opportunities.

Mark Duffy   April 1st, 2010 2:23 pm ET

Yes, my economy is improving because I am being optimistic and not pessimistic. I just everyone else were the same.

Theresa   April 1st, 2010 2:31 pm ET

Looks like Jayford supports himself with an invisible money tree.

what recession?   April 1st, 2010 2:33 pm ET

With food, utilities, taxes, transportation costs, education and seemingly everything else becoming more and more expensive, our household income has declined and I see no help in sight. We are educated, intelligent, hard working middle age adults and, quite frankly, we are exhausted and disgusted. It's not about the Democrats or the Republicans. It is about greed, fraud, corruption, incompetence, arrogance and apathy.
NO, I don't envision a 2nd quarter improvement; the economic outlook stinks!

Joe   April 1st, 2010 3:05 pm ET

Jayford, I won’t argue that there isn’t a lot of difference between the two parties, but it is the liberal policies I am talking about. The more extreme government regulation and mandates, the more the economy will suffer. You are right about the banks being largely responsible, but here again government was mandating that they have to give loans to almost anyone regardless of the ability to pay. They tell the banks, if a person defaults on a loan don’t worry fannie and Freddie will take over the load for you. The failed policies of government run Fannie and Freddie continue to cost the tax payer Billions.

Mick from Las Vegas   April 1st, 2010 4:46 pm ET

No. But the media has some great hype going that it is. Hype makes America go round. Very little substance but a lot of talk.

Angela   April 1st, 2010 5:22 pm ET

NO! My economic outlook has not changed. My email inbox is still filled with job rejections, not job offers. I have spent the last six months or so looking for jobs, 7 hours a day roughly, yet here I am unemployed still.

I have an MBA in technology management, a BA in Political Science, and been in the work force consistently for 10 years. I will be happy to work my tail feathers off for any company, any organization, well most any. I would love to work, stop living with my sisters family, and stop sharing a room with my son.

The economy from my view point has not changed. But I would be happy to take any job you want to offer, especially if you are in Western Washington state, or Milwaukee, WI.

JJStuart1   April 1st, 2010 5:49 pm ET

Oh yeah I saw this coming. It just felt too good to be true! In 2002, right after I bought my house with a 6% mortgage, my wife and I ditched the credit cards.Over the next two or three years we started driving used but in good condition vehicles, dumped the car payments and the comprehensive insurance that goes with it. We ended up with quite a bit of free cash flow. Yes, there is life after credit.
The economy will probably improve slowly throughout this year, but I beleive unemployment will remain high for several years to come, we will have a jobless recovery and create a few million brand new poor people in the process.

babak   April 1st, 2010 6:01 pm ET

You should not have asked that question! The out look sucks for us all!! please allow me to explain; the 3 year notes were due this year; the five year notes will become due on 2012!! yes there will be yet another meltdown .. but no worries .. we can always give them more of our tax money. That is why we pay taxes, right??! to make sure the fat cats stay fat! It is f@#$ing amazing to me ... we gave the money to the same A#$holes that got us here to beging with.... we just told them "hey boys don't make us mad. Do a better job this time" ..
I own a small business. Used to have over 200 emplyess .. now less than 80! They tell us "go hire someone:" to do what you moran!?!? we need a bank to work with us, not milk us to dead,,, I am so angry.

babak   April 1st, 2010 6:15 pm ET

Dear Jayford;
Why do you insult Americans?!?! We are not lazy! The world relies on us so everyone can live better. This economy we are discussing is not about not going to Starbucks and making coffee at home to save a few bucks ... There is much more to it... I am not sure if you were born here or not .. I was not .. I came at the age of 13 to be an American. I would fight and die for this country... I am insulted that some Americans put us down.. Yes I agree as American we like to live well... but don't get confused when puch comes to shove we unite against anyone. (remember Normandy) Please reconsider .. Have a great day!

Ruth Hirt   April 1st, 2010 11:08 pm ET

Pleased and glad, thank the gracious God, am coping well. Economics start really with yourself, as far as I'm concerned, it can all be well and good, simply live within your means, balances guaranteed.

Need more reliable facts? The Bible foretold failure of economics, Bible:Revelations 6: 5,6; 13: 16,17 the anti-Christ shall take command over oil and wine (pleasure-related) but God, He will be in total control over land, sea, wind, etc. Man's global plight has been foretold its resolve even much earlier proclaimed and cited for our benefit.

Andre   April 2nd, 2010 12:37 am ET

Nope not for me I am now jobless, look on the bright side is all I keep hearing from people, now you can get the job you want! OooHo Right, I cant even get a job thats fit for a high school student

Penyiar   April 2nd, 2010 1:37 am ET

The three highest growing economies in the world -China, India & Indonesia- have been identified by the Carnegie Institute as the top three to grow until 2050. Let's learn from this:
– a large population is NOT always an impediment to growth or welfare. (sorry, Australia!)
– a large population provides a domestic market independent of exports and is relatively recession-proof. (sorry, Singapore!)
– countries wasting resources foul-mouthing China, India and Indonesia usually end up with slower growth. (sorry, USA!)
BTW, democracy may be a means to state-building... but the public would rather have more nation-building.
The key is optimism and sacrifice; and having both under my belt I think, yes, my economic outlook is improving.

Dwayn Smith   April 2nd, 2010 5:18 am ET

Yes,My economic outlook has improved,I have recieved one raise this year and expect a second very shortly not only for me but also for my wife.We have a small amount of disposable income this month that we never had previously,over the last 12 months.Taking good care of my finances and curbing spending,together with solid hours at the office and a committed faith towards whom I believe in directing my path,that being The Lord Jesus Christ Himself! has made life recently alot easier financially.

oldtimer   April 2nd, 2010 6:26 am ET

Are you kidding? My outlook is just the same as it was last year. Not much improvement, unless your a sleezeball banker, or work for the parasites.

Karl   April 2nd, 2010 6:49 am ET

It was all a nation-wide smoke and mirrors trick to get something for nothing...instead of actually producing something valuable that the world market might buy, why not pretend that houses are "suddenly" worth 3 times what they were, print up a lot of cash, take out reverse mortgages and home equity loans and spend, spend, SPEND! Whoopie!...gonna buy me a Hummer and and a Chevy Tahoe with 10 MPG so I can drive my kids to the mall and pig out at the food court! Yeee Haa! Buy me the biggest McMansion I can get with the smallest down payment possible! Heck, it's only gonna go up in value, and I'm gonna get RICH and FAT, youbetcha...and heat it up and cool it down with all that cheap oil, who needs insulation?...drive my 7 ton SUV down the street for some fastfood and a six-pack. Meanwhile, outsource those IT jobs to India....let the Chinese build all our products, and let the Japanese and Koreans kick the stuffing out of our 1970's-era gas-guzzling technology. What, the Arabs are sitting on the last significant oil reserves? Let's start a war, send out all our uneducated lower-class can't-get-a-job kids to go shoot 'em up and take back that oil! Meanwhile, California is bankrupt, the governor goes begging to Washington for a handout...but no...the US government is 55 Trillion dollars in debt! Look at all those pretty numbers: http://www.usdebtclock.org/
Meanwhile, illegal Mexicans are slipping through the border by the 10s of thousands....slowly reclaiming California for Mexico. And why not? It was theirs before!

Thomas Kallimopoulos from Germany   April 2nd, 2010 8:32 am ET

Certainly not. I try hardly to find a investor to finance a project for the extraction of a generic drug against Alzheimer's from plant material and that becomes mission impossible. It gives me the impression that there is enough money for speculation but, very little or no available to relief the human pain.

bigbrotherwatching   April 2nd, 2010 9:07 am ET

@Joe – Democrats kill the economy? Really? Where were you during the 8 years when the Republicans were in complete control of the Whitehouse and Congress? You know, when the recession started?

Stop being brainwashed by lying, conservative talking heads like Beck, Limbaugh and the like and wake up.

bigbrotherwatching   April 2nd, 2010 9:14 am ET

Funny how no one mentions the high price of gas as the huge factor it was in killing the economy.

The banks are taking most of the hits, but the oil companies have done a great job of keeping themselves out of it.

Amazing what lobbyists and PR firms can accomplish.

frank c   April 2nd, 2010 9:17 am ET

The republican party is doing every thing in there power to hurt jobs and the economy, ever since health care passed, they are not going to stop, until they get there way. the american people are not that stupid.

Jessie from Auckland, NZ   April 2nd, 2010 9:44 am ET

I have never felt so pessimistic about things in a long time, as I do now........that is worldwide and locally.

For instance........in my own country recently,,,,,,,,3,000 people lined up for just 160 job vacancies in a new Countdown Supermarket........that was opening in an area classed as low socio-economic.

If this doesn't signify a depression.........I don't know what will. Well it feels like that anyway and I probably won't be far off the mark too.

My young daughter has just completed a 2 year Diploma Course and armed with her diploma, she cannot find a job yet in her chosen field. She has to continue working in a coffee shop....... which she was doing part-time while studying. She is even lucky to be able to fall back on that.

We are still waiting for times to get better.......but I think the boom times have surely gone for now........if not, forever. You kind of get the feeling that you are being squeezed more and more.......and barely keeping your head above water.

We still have a lot to be thankful for, I must say........it can be worse. Just hope it doesn't get any worse though. Just have to try and stay optimistic about it all, I suppose.

Yabin Li   April 2nd, 2010 9:58 am ET

What a good season when wonderful Japanese cherry blossom is visiting! The topic is just flesh and inspiring, which gets me feel the message being delivered by some myth of natural force. Not only economic outlooking (indeed matters) but people's mood would undertake some changes. In the past when I was staying in Japan, during this season, we could taste SAKURA mochi, go HANAMI, suffer KAFONSHO,...and the ZAKKAYA grocery, I would never forget to pay a visit.

Ferdinand   April 2nd, 2010 2:34 pm ET

In the dirty 30s (depression) 65% were still working (..., had work that paid somthin').... 30%+ were marginalized. Now, if that result was democratically voting (65/35) you'd say we have a good result. 65%! And that's what the fat cats want.... us angry (35%), marginalized, fending for crumbs! Do you know how to get control of a country? Devalue the money! Cause unemployment .....let them people simmer for a while and: voila: Hitler! This time, who knows, (another Austrian?) who will suddenly appear in Washington. California, here I come. Just wait.

Fares   April 3rd, 2010 7:14 pm ET

I have a pessimistic outlook for the coming 12 months. Most businesses are struggling to sustain their historical/ normal performance. Most of the industries are being only profitable and feasible to large economy of scale institutions, who are increasing their market shares through extending credit facilities, besides having their ways to hefty contracts. Thus only these institutions are surviving; weakening the opportunity for their competitors, tightening the job market, and hence the purchasing power of the working class.

ilir Kapaj   April 4th, 2010 10:45 am ET

Yes, but very slowly...

Ruth Hirt   April 7th, 2010 9:30 am ET

Erratum: Please my apologies, ladies and gentlemen.

In the graciousness of God, it is God who will be in control, over all matters that exist. If we enjoy all what we or can patronize, it is so that God's unconditional mercies and love upon decrepit mankind, He is in control ! Oil, wine (even all what ever pleases you) the earth, the galaxies and the entire universe, from which we exact our existence, He has the power and authority to endow or withhold. Go green, global warming, economics subjugates itself to all these natural forces. We can't talk economics and divorce these facts otherwise be content in your vicious circle.

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