As Japan continues to reel from the effects of twin natural disasters and a nuclear crisis, local companies are becoming increasingly concerned about the future business environment in the country, a survey by the Bank of Japan has shown. Large companies, which had a positive outlook for the next three months, have turned negative in their outlook, according to the survey, as reported by The New York Times. Meantime, small and medium-sized enterprises, which already had a negative outlook before March 11’s earthquake, have grown even more nervous about the future state of business in the country.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.