The Tankan quarterly survey is one of Japan’s most watched indicators as far as business and economy go and it is issued by the Bank of Japan. This year the confidence in Japanese manufacturers has decreased for the very first time since the first quarter of 2009.The decrease in the Japanese market was not as high as initially expected. This is mostly due to the swift recovery made by Japan after the international financial crisis that occurred two years ago. Confidence that Japan will recover still remains.
The comparison between the large number of manufacturers reporting positive conditions and the number of manufacturers reporting negative conditions decrease from +8 to a +5. +5 was the number reported three months ago, so the decrease is quite significant if we take into account the short period of time. The same goes for big non-manufacturers even if the margin is only of +1 as compared to +2 in September. Forecasts are not however very optimistic as far as the next quarter is concerned, with an expected decrease of the index to -1 for large manufacturers and -2 for big non-manufacturers.
Expectations are that Japan´s economy will freeze or will continue to decrease in this quarter after it had grown with 1.1 percent per quarter from July and until September. The government has reacted to these forecasts announcing a cut of 5 percentage points of the effective corporate tax and has advised the Bank of Japan to start taking measures in order to influence an economic decrease and in order to combat deflation.
With the police still investigating the death of Prince, the Purple Rain singer, it is widely being speculated that Prince may have died due to overdose of mixed drugs. The singer died in April, news that shocked his fans all over the world. Prince is believed to have been struggling with painkiller addiction. Even though the toxicology results are not available yet, those investigating the death of the star are under the assumption that his death might have been caused by the combination of two drugs, Percocet and Buprenorphine.
The star’s death is being investigated by authorities, who are currently questioning two doctors who were present in the star’s house at the time of his death. It is said that Dr. Michael Schulenburg went to prince’s house to deliver the test result. He and Andrew Kornfelt were present at the same time. Mr. Kornfelt had Buprenorphine in his bag which is used for treating opiate addiction. The combination of Percocet and Buprenorphine can bring upon instant death on a person as both the drugs can cause suppressed breathing.
Dr. Schulenburg performed tests and prescribed medicines on April 7 and April 20 for the star. Dr. Schulenburg specializes in family medicine and has left the North Memorial Medical Centre immediately, after finding out about the death of Prince. The doctor had prescribed drugs and has also performed tests on Prince for a mystery ailment, which is still not known.
The police are also investigating more about the painkillers which were used by Prince after the autopsy showed the presence of Percocet which contains oxycodone and acetaminophen in his system. Also, a date was fixed by the star to see a doctor about his addiction to painkillers.
Shortly after his death, a post-mortem examination was carried out on the star’s body and ruled out of the death being suicide. But it may take weeks for the full results to come out.