Japan business mood betters to 6-year high, bodes well for ‘Abenomics’ : worldleaks

worldleaks Japan business mood

Japanese big manufacturers’ business confidence improved over the three months to December to its highest level in six years, a central bank survey indicated, boding well for Prime Minister Shinzo Abe’s stimulus policies aimed at ending 15 years of grinding deflation.

But the Bank of Japan’s quarterly “tankan” survey pointed companies were less affirmative about the outlook and cautious of boosting capital expenditure, highlighting their uncertainty on whether the economy will sustain its momentum.

The headline index for big manufacturers’ sentiment bettered 4 points from the previous quarter to plus 16, the tankan survey showed on Monday, slightly above a median market forecast of plus 15. It was the fourth straight quarter of improvement and the highest level since December 2007.


For more articles : www.worldleaks.com


About Press Leaks

We are providing things happened around the world. Visit us daily to keep you updated.

Posted on December 16, 2013, in Hot Leaks and tagged , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: