TOKYO (Reuters) -Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook.
Big non-manufacturers’ index stood at 27, up from 23, the survey showed, above a median market forecast of 24 and improving for the sixth straight quarter.
The survey showed big manufacturers expect conditions to improve three months ahead, though sluggish global demand and signs of weakness in China’s economy cloud the outlook.
“The tankan showed Japan is on track for a domestic-demand led growth.
But analysts expect a mild contraction in the July-September quarter as sluggish global demand weigh on exports.
Persons:
Maki Shiraki, ”, Marcel Thieliant, Yoshimasa Maruyama
Organizations:
Nissan, Co, Ltd's, EV, REUTERS, Companies, Bank of Japan, Capital Economics, Big, Nikko Securities
Locations:
TOKYO, Tochigi prefecture, Japan, Asia, U.S