TOKYO: Japanese manufacturers’ business confidence rose in July to hit a more than two-and-a-half-year high, as the country’s export-driven recovery remained intact thanks to solid global demand, the Reuters Tankan poll showed.
But in a worrying sign, service-sector sentiment turned pessimistic, as firms struggled with the fallout from the coronavirus crisis, according to the poll, which tracks the Bank of Japan’s (BoJ) closely watched tankan quarterly survey.
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