Japan business mood improves in Q2 to 2-1/2-year high – tankan

A man walks in front of containers and cranes at an industrial port in Tokyo, Japan September 29, 2017. REUTERS/Toru Hanai

  • June big manufacturers’ sentiment index +14 vs March +5
  • Big non-manufacturers’ mood +1 in June vs -1 in March
  • Survey shows Japan’s recovery broadening

TOKYO, July 1 (Reuters) – Japanese big manufacturers’ business confidence improved in the second quarter to hit a two-and-half-year high, a central bank survey showed, a sign solid global demand was helping the economy emerge from the coronavirus pandemic-induced doldrums.

Service-sector sentiment also turned positive for the first time in five quarters, suggesting that the economic recovery was broadening even as Japan struggles to contain a fresh wave of coronavirus infections.

The headline index for big manufacturers’ sentiment jumped to plus 14 from plus 5 in March, marking the fourth consecutive quarter of improvement and posting the highest level since December 2018, the Bank of…

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