Skip to content
Subscriber Only

Japan’s Manufacturing Confidence Touches a Decade High

  • Sentiment for large producers improves in third quarter
  • Economic growth run may help Abe in election this month
Video player cover image

Japan Needs More Courageous Reforms: Fujitsu Research

Updated on

Confidence among Japan’s big manufacturers has improved to the highest level in a decade, underscoring Prime Minister Shinzo Abe’s run of success on the economy as he heads into an election later this month.

A weak yen and a stronger global economy have fueled record profits in Japan, even as trade tensions and North Korea’s nuclear program have clouded the outlook. While Abe’s Liberal Democratic Party is expected to win a parliamentary election set for Oct. 22, the margin will be important to his quest for constitutional revision. The longest economic expansion in a decade has raised sentiment, but many households are still waiting for companies to turn those profits into significant pay increases.