Economics
Japan Corporate Sentiment Rises for 1st Time in Six Quarters
- Large manufacturer index rises, non-manufacturers unchanged
- Capex growth slows, sentiment of small companies improves
What Tankan Survey Signals About Japan's Economy
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Confidence among Japan’s large manufacturers improved for the first time since June last year as the fall in the yen improved prospects for company earnings.
Improving sentiment among big Japanese manufacturers strengthens the view that the Bank of Japan will be in no rush to add stimulus. The yen weakened against the dollar last month by the most since 1995. A moderate recovery is underway, with the economy growing for the first nine months of the year. However, weak wage gains have capped inflationary pressures.