The Bank of Japan's latest "Tankan" survey shows that business sentiment among the country's major manufacturers has improved for the second straight quarter.
The BOJ polled over 9,000 companies between late August and the end of September.
The closely-watched index gauging the mood among large manufacturers stands at plus 9, up 4 points from the previous survey in June.
A positive number indicates that more companies are optimistic about business conditions than those taking a negative view.
A recovery in auto production after shortages of semiconductors and other parts eased was the main factor behind the improvement.
Large non-manufacturers continue to be even more upbeat. The index tracking their sentiment rose 4 points to 27 in the sixth straight quarter of improvement.
An increase in foreign tourists and a recovery in the hotels and restaurant sectors were the major drivers.
The BOJ polled over 9,000 companies between late August and the end of September.
The closely-watched index gauging the mood among large manufacturers stands at plus 9, up 4 points from the previous survey in June.
A positive number indicates that more companies are optimistic about business conditions than those taking a negative view.
A recovery in auto production after shortages of semiconductors and other parts eased was the main factor behind the improvement.
Large non-manufacturers continue to be even more upbeat. The index tracking their sentiment rose 4 points to 27 in the sixth straight quarter of improvement.
An increase in foreign tourists and a recovery in the hotels and restaurant sectors were the major drivers.
Similar Readings (5 items)
Large Japanese firms' business confidence improves
Summary: Tankan: Mood improves slightly at Japan's major manufacturers
Tankan: Mood improves slightly at Japan's major manufacturers
Think tanks predict tankan will show improvements
Conversation: Tankan: Mood improves slightly at Japan's major manufacturers
Summary
The Bank of Japan's Tankan survey shows improved business sentiment among major manufacturers for the second consecutive quarter, with a positive index increase from +5 to +9. This optimism is driven by a recovery in auto production after semiconductor and parts shortages eased. Large
Statistics
140
Words1
Read CountDetails
ID: 7c6de0c8-f21f-45cd-9d95-b807cc849fa9
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231002_13/
Date: Oct. 2, 2023
Created: 2023/10/02 15:25
Updated: 2025/12/08 23:03
Last Read: 2023/10/02 15:32