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Business confidence in Japan improves slightly

Business confidence in Japan improves slightly

A key central bank survey shows that confidence at major Japanese manufacturers has improved slightly from record lows last quarter.
In the Bank of Japan's closely watched "tankan" quarterly survey of business sentiment, the main sentiment index for large manufacturers stands at minus 48. Three months ago the index hit minus 58, the worst result on record.
The latest reading marks the first uptick in more than two years but misses an average forecast of minus 43 in a survey of economists by The Associated Press. The figure represents the percentage of companies saying business conditions are good minus those saying conditions are unfavorable.


Updated : 2021-03-08 15:50 GMT+08:00