Sentiment among Japanese manufacturing and service companies improved to pre-pandemic levels in the first quarter of 2021, as the latest survey conducted by the Bank of Japan (BoJ) showed on Thursday.
Key Comments:
“The headline index for big manufacturer confidence rose to + 5 in March from – 10 in December, the Bank of Japan’s ‘Tankan’ survey showed, marking the third consecutive quarter of improvement and reaching the highest level since September. 2019 “.
“Large non-manufacturer sentiment improved to -1 in March survey from -5 in December, survey showed.”
“Large companies expect to increase capex by 3.0% in the year that began in April, compared to a median forecast of a 1.4% increase.”
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