Japan's business confidence improves again after pandemic plunge

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The reading comes after Tokyo approved stimulus to fund projects from anti-virus measures to green tech. FMTNews Japan Business

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.

 

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