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

Japan's business sentiment improved in Q3 according to a central bank survey, suggesting conditions for economic revival even as global slowdown persists.
Big non-manufacturers' mood at highest since 1991 bubble era, benefiting from lifted COVID curbs.
Firms retained robust spending plans and faced tight labor market, suggesting conditions for BOJ to taper stimulus.
Tankan showed big manufacturers expect conditions to improve, though weak global demand and China economy are concerns.
Companies expect inflation around 2% in coming years, little changed from prior forecasts, tankan showed.

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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

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

Business sentiment among major Japanese manufacturers improved for the second consecutive quarter, with non-manufacturers also showing positive sentiment, thanks to the gradual recovery of tourism and easing supply chain disruptions caused by the COVID-19 pandemic.

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.

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Posted 10/2/2023, 12:19:00 AM

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

Japan's business sentiment improved in Q3 according to a central bank survey, suggesting conditions for economic revival even as global slowdown persists.
Big non-manufacturers' mood at highest since 1991 bubble era, benefiting from lifted COVID curbs.
Firms retained robust spending plans and faced tight labor market, suggesting conditions for BOJ to taper stimulus.
Tankan showed big manufacturers expect conditions to improve, though weak global demand and China economy are concerns.
Companies expect inflation around 2% in coming years, little changed from prior forecasts, tankan showed.

investing.com

Relevant topic timeline:

9/12/2023

Manufacturing and Services Sentiment Plummets on Weak Demand and Costs

10/2/2023

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

10/2/2023

BOJ Tankan Survey Shows Improved Business Sentiment Among Large Manufacturers