- Big manufacturers’ sentiment index +18 vs f’cast +13 – tankan
- Big non-manufacturers’ sentiment improves slightly in Q3
- Big firms expect capex to increase 10.1% this fiscal year
TOKYO, Oct 1 (Reuters) – Japan’s business mood improved for a fifth straight quarter in September with manufacturers perking up on robust global demand, a central bank survey showed on Friday, boding well for the next administration’s bid to pull the economy out of the doldrums.
Steady progress in vaccinations and hopes of a re-opening in economic activity also helped lift non-manufacturers’ mood, the survey showed, underscoring the Bank of Japan’s view an end to state of emergency curbs will prop up consumption.
But manufacturers expect business conditions to worsen three months ahead as parts shortages and Asian factory shutdowns disrupt production, the…