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MNI: BOJ June Tankan: Key Sentiment Drops, Solid Capex Plans

(MNI) Tokyo
True

Japanese business sentiment worsened from three months ago, for the second straight drop, hit by higher costs caused by higher commodity prices and the yen’s fall, the Bank of Japan's June Tankan business sentiment survey published on Friday showed.

But the business sentiment among major non-manufacturers, mainly the face-to-face services, improved for the first time in two quarters as economic activity resumed after the government lifted the state of emergency, (see: MNI: BOJ Tankan Expected To Show Downbeat Manufacturing-Survey).

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Japanese business sentiment worsened from three months ago, for the second straight drop, hit by higher costs caused by higher commodity prices and the yen’s fall, the Bank of Japan's June Tankan business sentiment survey published on Friday showed.

But the business sentiment among major non-manufacturers, mainly the face-to-face services, improved for the first time in two quarters as economic activity resumed after the government lifted the state of emergency, (see: MNI: BOJ Tankan Expected To Show Downbeat Manufacturing-Survey).

Keep reading...Show less