Reported about 1 year ago
According to the latest Tankan survey released by the Bank of Japan on July 1, confidence among large manufacturers in the second quarter exceeded expectations, reaching a new high in over two years. This positive outlook is seen as paving the way for a potential interest rate hike by the BOJ, with analysts and investors anticipating a rate increase as early as the end of July. The Nikkei Index rose by 0.12% to 39,631.06 points, the TOPIX index hit a 34-and-a-half-year high, and the yen continued to weaken. The survey also revealed a slight decline in confidence among large non-manufacturers, particularly in the retail sector, attributed to factors such as the depreciating yen, labor shortages, and weak private consumption.
Source: YAHOO