Japan's Business Confidence Hits 3-yr High

July 5, 2017

Japan Today reports:

Confidence among Japan's biggest manufacturers has risen for the third straight quarter to the best level in more than three years, a key central bank survey showed on Monday as exports continue to grow on a global economic recovery.

The Bank of Japan's Tankan report -- a quarterly survey of more than 10,000 companies -- showed a reading of 17 among major manufacturers, the highest since the first quarter of 2014.

The key index, which rose from 12 in the previous survey, also beat market expectations of a reading around 15.

The country's prospects have been improving on the back of strong exports, with investments linked to the Tokyo 2020 Olympics also giving the economy a shot in the arm.

The Tankan is closely watched for being the broadest indicator of how Japan Inc is faring.

The report comes after a batch of government data on Friday showed inflation ticked up in May but weak spending underlined the challenges still facing Tokyo's battle to ramp up prices and slay years of on-off deflation.

Source: Japan today, 3 July 2017


More news from the BCCJ

Leardership: Change or Die

Nominations OPEN for the 2017 British Business Awards!

A Discussion in North Korea

BCCJ and ACCJ Hold Joint Women's Networking Event

2017 BCCJ Golf Day

2020 Paralympics: Engaging the Public

Attracting and Retaining Millennial Professionals

Launching a Successful Business in Japan

Promotional Opportunities at the 2017 British Business Awards

BCCJ Members Taste Award-Winning English Wine

2017 Tokyo Rainbow Pride Breaks Records

BCCJ Reaches out to Female Members

Tokyo Governor Yuriko Koike at the BCCJ

Latest Information on Brexit: EU Committee Publications

BT Japan's President Among World's 50 Greatest Leaders

Inclusive Education Academy: Changing Perspectives on Disability

Brexit, Trump, and the Changing International Order

Global Leaders: Rewards For Your Business