(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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.