Japanese Business Confidence Hits Multi-Year High Amid Weak Yen and Tourism Rebound

Japan manufacturers more optimistic about economy in survey
Business sentiment improved for second straight quarter in Bank of Japan 'tankan' survey
Non-manufacturers' sentiment also rose for sixth quarter in a row to highest in decades
Weak yen and recovering supply chains helped manufacturers
Tourism rebound boosted non-manufacturers

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9/12/2023

Manufacturing and Services Sentiment Plummets on Weak Demand and Costs

Big Japanese manufacturers and the services sector in Japan are experiencing a decline in confidence, with concerns of a slowdown in China's economy affecting global and domestic growth, according to a Reuters poll. The weak sentiment in the business sector raises doubts about the ability of exports to drive economic recovery amid weak domestic demand. Many companies cited high input costs and weak demand as contributing factors, along with geopolitical risks and tensions between the US and China.

10/2/2023

Japan Business Sentiment Hits 30-Year High as COVID Curbs Lift

Japan's business sentiment improved in the third quarter, with big non-manufacturers experiencing their highest mood levels since 1991, suggesting a strong economic revival and potential conditions for the Bank of Japan to phase out stimulus measures.

10/2/2023

BOJ Tankan Survey Shows Improved Business Sentiment Among Large Manufacturers

The weak yen has improved business sentiment at Japanese companies, with the overall mood boosted by a more favorable supply chain and an influx of tourists from abroad, according to the Bank of Japan's latest quarterly Tankan survey.