- July 1, 2021
- Posted by: Stratford Team
- Category: Business
A man walks in front of containers and cranes at an industrial port in Tokyo, Japan September 29, 2017. REUTERS/Toru Hanai
TOKYO, July 1 (Reuters) – Confidence at Japanese big manufacturers rose for a fourth straight quarter due to a boost to exports and profits from a pick-up in external demand, a key “tankan” survey by the central bank showed on Thursday.
The headline index for big manufacturers’ sentiment rose to plus 14 from plus 5 in March, the Bank of Japan’s closely watched tankan business survey showed.
The mood among big non-manufacturers also improved for a second straight quarter, the survey showed.
The survey also showed big firms plan to raise their capital spending by 9.6% in the financial year to March 2022.
The reading compared with the market’s median forecast for a 7.2% gain, following a 3% increase seen in March.
For the POLL read more
For the BOJ’s table:
http://www.boj.or.jp/en/statistics/tk/yoshi/tk2106.htm
Reporting by Leika Kihara and…
