Manufacturing of Japan to recover

(MENAFN) Japans manufacturing seems to be recovering after six years of receding as a result of the global credit crisis, according to Iran Daily. The Bank of Japan reported that Tankan index showed an improvement of 12 percent during September compared to 4 percent in June. The country will raise the sales tax up to 8 percent from 5 percent next April to support the countrys budget after suffering from the yen decline of 21 percent last year.