Confidence tanks

A survivor looks for his car in the tsunami-destroyed town of Miyako, Iwate Prefecture, northern Japan on March 31, 2011.

Array

Array

A survivor looks for his car in the tsunami-destroyed town of Miyako, Iwate Prefecture, northern Japan on March 31, 2011. Japan’s business confidence has fallen after the tsunami last month as consumers cut spending and power shortages disrupt factory production, dimming the outlook for the world’s third-largest economy. The Bank of Japan’s closely watched ‘tankan’ survey of business sentiment showed Monday, April 4, the main index for large manufacturers declined to 6 after the March 11 earthquake and tsunami, down from 7 before the disasters.