Japan recovery hopes up


  • Business
  • Wednesday, 02 Jul 2003

Japan recovery hopes upTOKYO: Japan’s large companies felt unexpectedly more optimistic in the past three months, a key central bank report showed yesterday, raising hopes that the world’s second largest economy may finally be heading for recovery. 

But in a sign that any rebound may not be a strong one just yet, sentiment was forecast to remain flat for the July-September quarter and smaller companies remained downbeat as they battled falling prices and slow domestic demand. 

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