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MNI: BOJ Tankan: Sentiment Rises, Solid Capex Plans, Backs BOJ

(MNI) Tokyo
(MNI) TOKYO

Japanese benchmark business sentiment has risen

Japanese benchmark business sentiment rose from three months ago, the first rise in two quarters as manufacturers succeeded in transferring higher costs to retail prices, although non-manufacturers were hit by higher costs caused by the weak yen, the Bank of Japan’s June Tankan business sentiment survey released Monday showed.

Major and smaller firms’ capital investment plans remained firm and above average historical levels, supporting the BOJ's view that the beneficial cycle from income to spending continues.

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Japanese benchmark business sentiment rose from three months ago, the first rise in two quarters as manufacturers succeeded in transferring higher costs to retail prices, although non-manufacturers were hit by higher costs caused by the weak yen, the Bank of Japan’s June Tankan business sentiment survey released Monday showed.

Major and smaller firms’ capital investment plans remained firm and above average historical levels, supporting the BOJ's view that the beneficial cycle from income to spending continues.

Keep reading...Show less