TOKYO : Japanese business sentiment improved in the second quarter as easing supply constraints and the removal of pandemic curbs lifted factory output and consumption, a central bank survey showed, a sign the economy was on course for a steady recovery.
The headline index measuring big manufacturers' mood stood at plus 5 in June, bouncing back from a two-year low of plus 1 hit in March in a sign firms were recovering from the hit from rising raw material costs and supply disruptions. The reading, which compared with a median market forecast for plus 3, was the highest since December 2022.
Large firms plan to ramp up capital expenditure by 13.4 per cent in the current fiscal year ending in March 2024, exceeding the 3.2 per cent increase projected in the March survey. The increase compared with a median market forecast for a 10.1 per cent rise.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How activist shareholders make their demands heard in stuffy Japanese corporate boardroomsThey are aiming for global norms in such areas as corporate governance and transparency, boardroom diversity or sustainability goals. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Japanese firm develops solution to eradicate mosquitoes without insecticidesA 2022 study found that mosquitoes in parts of South-east Asia had developed resistance to a common insecticide. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Tokyo residents find comfort in fluffy, street-strolling alpacasWATCH: Meet Akane and Satsuki who often draw curious looks from passersby as they trot down sidewalks past shops and temples before heading back to their home at an indoor petting zoo, 'Alpaca Fureai Land', in Tokyo, Japan.
Source: TODAYonline - 🏆 1. / 99 Read more »
China women's team pips Japan to claim Asia Cup titleBEIJING : China's women's basketball team claimed their first FIBA Asia Cup title since 2011 after beating defending champions Japan 73-71 in a close final in Sydney, Australia on Sunday.World number two China, runners-up at last year's world cup, were one of the pre-tournament favourites with the ninth-r
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan says Russian warships spotted near Taiwan, Okinawa islandsJapan said it dispatched two vessels to monitor the Russian ships. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
One dead, one missing as Japan hit by heavy rainIn Yamaguchi prefecture, a man was found dead inside a car that had been washed into a river. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »