: 44 ET many manufacturers continue to face power cuts and supply chain deficits of Japan major manufacturers expecting conditions to worsen in the next three months, according to the Bank of Japan's Tankan survey.But the decline in business sentiment was not as bad as many expected, leads to questions of accuracy.
The earthquake and tsunami that hit Japan on 11 March have led to rolling power blackouts and a nuclear crisis.
The results of the quarterly Tankan survey are used to Japanese monetary policy.
The business sentiment index for June of this year at minus 2, showing that the major manufacturers are pessimistic.
A positive reading indicates that the sector is improved.
Accurate results?In an unprecedented move, the Bank of Japan spent separate figures for March, to sentiment before and after the earthquake.
The post-quake index for major manufacturers was plus 6, which is the same as it was in the full survey results released on April 1.
"The positive figure for March seems to me to be a bit strange and it's a little hard to believe," said Koichi Ogawa of Daiwa SB investments.
"I wonder if the effects of the disaster is truly reflected in the result".
Some analysts say that the results of the survey would be misleading.
"Many companies are still fully understand the effects of the earthquake and the subsequent nuclear crisis," said Yasuo Yamamoto of Mizuho research institute.
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