Japan officially exited recessionin Nevember after three quarters of contraction, but now faces a spike in Covid-19 infections, with record numbers of new cases reported in recent weeks. - AP
TOKYO (AFP): Confidence among major Japanese manufacturers has recovered further after plunging on pandemic woes to its worst level since the global financial crisis, a key survey showed Monday (Dec 14).
The Bank of Japan's December Tankan business survey -- a quarterly poll of about 10,000 companies -- showed a reading of minus 10 among big manufacturers, after recording minus 27 in the previous survey and minus 34 in the June survey.
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