Bank of Japan survey shows manufacturers optimistic about economy

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TOKYO (AP) — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday. The Bank of Japan's “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. Sentiment among major non-manufacturers rose four points to plus 27, in the sixth consecutive quarter of improvement and the most positive result in about three decades. The tankan survey,

TOKYO — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday.

The tankan survey, conducted every three months, measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those replying they are positive. “The recent cheap yen that came on top of the gradually improving supply chain is believed to have worked as a factor to brighten sentiments among big manufacturers,” said Toshihiro Nagahama, chief economist at Dai-ichi Life Group.

But the weak yen has worked as a positive, too, boosting the value of overseas earnings by exporters like Toyota and Nintendo. The dollar has been trading recently at about 149 yen, up from below 130 yen in January. Former California Gov. Arnold Schwarzenegger believes there's still a 'home' for him in the Republican Party, but says his state's GOP has 'done a horrible job'

OTTAWA — Conservative Leader Pierre Poilievre found himself the subject of online criticism after posting photos with an Inuk elder alongside a caption about meeting with Algonquin elders on the National Day for Truth and Reconciliation.

 

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