TOKYO: Confidence among major Japanese manufacturers has recovered further after plunging on pandemic woes to its worst level since the global financial crisis, a key survey showed Monday.–
A negative reading means more companies are pessimistic than optimistic. It is considered to be the broadest indicator of how Japan is faring. Japan officially exited recession last month after three-quarters of contraction, but the world’s third-largest economy now faces a spike in Covid-19 infections, with record numbers of new cases reported in recent weeks.