The result underscores the challenge Prime Minister Yoshihide Suga faces in boosting domestic demand to assure an economic recovery while keeping the spread of the virus in check. Suga (pic) is expected to announce this month a plan for fresh stimulus to boost activity, government and ruling party sources have told Reuters.
TOKYO: Business sentiment of Japanese manufacturers and service-sector firms was the least pessimistic in nine months in November, likely as the world's third-largest economy showed signs of pulling out of a coronavirus-induced recession, a Reuters poll showed on Monday.
But both sectors believed conditions will remain negative over the coming months, highlighting the struggle to completely shake off the drag from COVID-19, according to the monthly Reuters Tankan, which tracks the Bank of Japan's (BOJ) closely watched tankan quarterly survey.
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