Japanese business sentiment improves for first time since 2017

  • Japan
  • Thursday, 01 Oct 2020

TOKYO (Xinhua): Japanese manufacturers' business sentiment improved in September for the first time since December 2017, the Bank of Japan's (BOJ) quarterly Tankan survey showed Thursday (Oct 1).

According to the BOJ's report, manufactures' sentiment increased to minus 27 in September from minus 34 in the June survey.

The latest key index measuring confidence among companies such as auto and electronics makers improved from an 11-year slump logged in the previous survey owing to the adverse effects of the coronavirus pandemic, to improve for the first time in 11 quarters, the BOJ's quarterly data showed.

The BOJ's latest survey also showed that the index for large non-manufacturers, including the service sector, improved to minus 12 from minus 17 booked in the previous survey.

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