(MENAFN- Saudi Press Agency)
Tokyo, Muharram 12, 1439, October 02, 2017, SPA -- Business conditions among large Japanese manufacturers
improved in September for the fourth consecutive quarter, a Bank of
Japan quarterly survey showed on Monday, according to dpa.
The closely-watched Tankan index rose from plus 17 in July to plus 22 in September, which is above the average forecast of plus 18 estimated by economists polled by the Nikkei business daily.
The index for large non-manufacturers was flat at plus 23, according to the survey released by the central bank.
Positive numbers on the Tankan index indicate the extent to which optimists outnumber pessimists in a sector of industry.
Large companies in the manufacturing and non-manufacturing sectors expected their investments to rise 7.7 per cent for the financial year through March 2018 from the previous year, compared with an 8-per-cent increase in the July result, the survey showed.
--SPA
03:37 LOCAL TIME 00:37 GMT