• Exports, output to remain weak for time being
• Output to start rising as supply constraints ease
• Worsening sentiment restraining consumption
• Consumption to pick up as output recovers
• CAPEX to briefly turn weak, then gradually rise as firms fix quake-hit facilities
• Credit spreads for corporate bonds widening somewhat
• Some firms holding off corporate bond issuance
• Some firms accumulating cash on demand for operating funds
• Japan economy suddenly in severe condition due to quake