Tankan Report shows low confidence in the Japanese manufacturing sector

A major survey on business confidence in Japan, the Tankan Report, came out on Friday. It shows that major manufacturing sectors are still being hurt by the global recession. The economy has shrunk for two straight quarters. The territorial dispute with China has played a major negative role, CCTV correspondent Mike Firn reports. Michael Czinkota, professor at Georgetown University McDonough School of Business, joined CCTV and talked about the impact of Japanese situation on the global economy.