TOKYO (AP) — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday.
The Bank of Japan's “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June.
That’s tough for Japan, which imports almost all its oil, at a time when the Japanese yen is weakening.
For the tankan’s projection of business sentiment three months from now, large manufacturers are expecting an improvement of 1 point at plus 10.
What the Bank of Japan will do to interest rates in coming months is being closely watched.
Persons:
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Organizations:
TOKYO, Japan's, Dai, ichi, Toyota, Nintendo, Bank of
Locations:
Ukraine, Japan, Bank of Japan