TOKYO - Confidence among a wide range of Japanese companies picked up in the fourth quarter, sending a positive signal to the Bank of Japan (BOJ) ahead of next week's policy decision.
An index of sentiment among the country's biggest manufacturers rose to 12 in December from nine three months earlier, the third straight gain, according to the BOJ's quarterly Tankan report on Dec 13. The reading beat economists' forecast of 10.
The business mood among the largest non-manufacturers also improved to 30 from 27, exceeding economists' expectations and setting a fresh 32-year high. A positive figure means optimists outnumber pessimists.
The data showed sentiment picking up across the board, with an index for small manufacturers rising to one, turning positive for the first time since early 2019. The gauge for small non-manufacturers advanced to 14, beating estimates.
The evidence of robust corporate sentiment will come as a welcome sign for the BOJ, as it boosts the likelihood that companies can continue to conduct the large wage hikes that the central bank hopes might feed into a positive wage-price cycle that would pave the way for normalizing icy monetary pol"
هذه القصة مأخوذة من طبعة December 14, 2023 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 14, 2023 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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