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, December 14.
A negative reading means more companies are pessimistic than optimistic. It is considered to be the broadest indicator of how Japan Inc is faring.approved more than $700 billion in fresh stimulus The latest survey also comes ahead of the Bank of Japan 's two-day monetary policy meeting from Thursday, December 17, which is widely expected to keep the current monetary easing tools but also likely to extend its special measures in response to COVID-19.
The latest figures show a steady recovery from the low of -17 in June, but are still well below the March figure of +8.