Japanese business sentiment in RP, Asean region improves
A survey by Japan External Trade Organization (JETRO) showed that the overall current business sentiment for the ASEAN countries showed little improvement, with the index gaining just 0.2 points in February.
"This reflects a continued slow overseas demand for electric and electronic equipment.
By country, current indices for all locations with the exception of Singapore and the Philippines, remained depressed in the March survey."
The Jetro index for Thailand sank below February’s already record low, due mainly to stagnant domestic demand for transport equipment such as automobiles and worsened performance in construction and real estate sectors, as housing demand fell off, the JETRO survey said.
JETRO noted that the overall current business sentiment for China and North Asia fell into a negative territory in March, with the index declining 2.8 points over February to stand at -0.3.
By country, the index for mainland China remained strong at 11.6, although continuing on the downward trend that began in October 2006.
The index for the country’s electric and electronic equipment sector remained depressed, reflecting decreasing overseas demand.
The index for the electric and electronic sector in Southern China declined 39.9 points to -25.0.
Overall, the indices for Taiwan and South Korea in these sectors remained depressed, standing at 27.4 and -16.7 respectively.
JETRO said the overall forward business sentiment for China and North Asia remained unchanged in March, holding tight at 0.3, reflecting continued depressed sentiment in Taiwan and ROK, where indices stand at -17.9 and 16.7 respectively.
Declining sentiment was also recorded for mainland China, where the index slipped 4.9 points to 6.7 in March.
In Southern China, where there are a number of export companies, saw worsened sentiment in this latest survey, due mainly to weak demand for IT products such as personal computers and LDC monitors.
However, the sentiment in the region, is expected to recover by May.
The monthly survey of JETRO on the Japanese companies and affiliates operating in 12 countries of East Asia revealed that the overall current sentiment remained depressed in the ASEAN region and showed little sign of recovery.
The index for Thailand continued on its downward trend, dropping to its lowest level since the survey began in June 2001.
The current sentiment for Hong Kong and mainland China continued solid, while the index for mainland China continued on the gradual downward trend that started in October 2006.
The overall current sentiment for China and North Asia fell into a negative territory, as firms in
Taiwan and the Republic of Korea (ROK) showed no signs of recovering sentiment.














