Japanese manufacturers' confidence reached a two-year high in the June Tankan survey, while service-sector firms' sentiment worsened for the first time in four years.
Japanese manufacturers' confidence hit a two-year high in the three months to June, according to the Bank of Japan's Tankan survey. Large manufacturers' sentiment improved from +11 in March to +13, while big service-sector firms' mood worsened for the first time in four years, indicating rising living costs due to a weak yen may impact consumption. This complicates the Bank of Japan's decision on when to raise interest rates.
July 01, 2024
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