TOKYO: Business confidence among Japan's large manufacturers likely slipped in the third quarter as the highly contagious COVID-19 Delta variant hit corporate and consumer activity, the central bank's closely watched Tankan survey is expected to show.
"Durable goods sales have been strong until now, making up for a slump in service consumption," said Takeshi Minami, chief economist at Norinchukin Research Institute. The forecasts were in line with a string of recent data that shows firms are facing renewed headwinds from the pandemic, which remain especially painful for service-sector firms.
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