Japan Survey Finds Businesses Unexpectedly Pessimistic

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TOKYO — Japanese business sentiment failed to improve as expected in the first quarter and is expected to remain muted in coming months, a survey by the central bank showed Monday, suggesting that the bank will remain under pressure to deliver more stimulus. Add to Portfolio Go to your Portfolio » The headline index for sentiment among large manufacturers in the closely watched quarterly survey, known as the tankan, was minus 4 in March, unchanged from the reading in December. Readings of less than zero indicate that pessimists outnumber optimists. The reading, which reflects broad growth trends in Japan and is one of the major policy gauges for the central bank, the Bank of…

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